turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

how do I claim for a 2018 capital loss for 2024 tax and these are not claimed in 2023. The online version only carries info from 2023 and do not allow for manual input.

Like title. The carry over section shows info from 2023 return and then auto calculate for 2024.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
KrisD15
Employee Tax Expert

how do I claim for a 2018 capital loss for 2024 tax and these are not claimed in 2023. The online version only carries info from 2023 and do not allow for manual input.

Wages & Income

Investment Income

Capital Loss Carryover 

 

Although you may not have claimed the 2018 on the 2023 return, the loss should have been listed on the 2023 Schedule D,

 

Regardless, this is the screen to enter and use any capital loss carryover on your tax year 2024 return. 

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
rjs
Level 15
Level 15

how do I claim for a 2018 capital loss for 2024 tax and these are not claimed in 2023. The online version only carries info from 2023 and do not allow for manual input.

A capital loss carryover has to be carried over from year to year until it's used up. If you had a capital loss in 2018 and you could not deduct the entire loss that year, you have to carry it over to 2019, then 2020, and so on. You can't skip years.


KrisD15 has showed you how to enter a carryover amount, but you can't just take the carryover loss from 2018 and enter it in your 2024 tax return. You have to recalculate your tax returns for all the intervening years in order to determine the correct carryover amount from 2023 to 2024. Some of the loss should probably have been used in the intervening years, or perhaps it is already all used up.

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question