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How do I enter capital loss carryovers from both 2016 and 2017 into Turbotax Home and Business 2018 version?

I have capital loss carry forward from sale of stocks for both 2016 and 2017.  My Home and Business version for 2018 enters the 2017 loss but not the 2016 loss.  Further, it is not apparent how the 2016 loss can be entered. 

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Ashby
New Member

How do I enter capital loss carryovers from both 2016 and 2017 into Turbotax Home and Business 2018 version?

You need to enter the entire amount from both 2016 and 2017 as a carryover from 2017. The separate losses do not need to be entered as they both go towards your maximum $3,000 yearly capital loss carryover.

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1 Reply
Ashby
New Member

How do I enter capital loss carryovers from both 2016 and 2017 into Turbotax Home and Business 2018 version?

You need to enter the entire amount from both 2016 and 2017 as a carryover from 2017. The separate losses do not need to be entered as they both go towards your maximum $3,000 yearly capital loss carryover.

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