in [Event] Ask the Experts: Investments: Stocks, Crypto, & More
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Is there a line I can find this one to report for 2023? I didn't use TurboTax last year so I don't know what line to find it on my tax return so I don't know where to input/calculate it.
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For a capital loss carryover -
Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Under Investment Income
On Capital Loss Carryover, click the start or update button
Please look at your tax year 2022 Schedule D.
Line 16 will report the total loss for 2022.
Line 21 will report what you claimed for 2022.
If line 16 is more than line 21, the difference is the carryover.
How to enter is posted above
If using Home and Business, go under "Less Common Business Situations" "Net Operating Loss/QBI Carryover"
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