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How do I see the items that make up the calculated capital gain number

How do I check to see if I have any capital loss carryforward left from 2023?
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2 Replies

How do I see the items that make up the calculated capital gain number

If you use Turbo Tax next year the Capital Loss Carryover will transfer over. Or you will have to manually enter the amount.


On the income page The 2024 column shows the carryover to 2025 (not your current loss for 2024). Schedule D doesn't actually show the carryover amount. To find your Capital Loss Carryover amount you need to look at your return schedule D page 2. Line 16 will be your total loss and line 21 should be a max loss of 3,000. The difference between line 16 and 21 is the carryover loss for next year.


But if you have a negative AGI or negative taxable income it will show up on 1040 BUT it won't reduce the carryover to the next year.

 

If you used the desktop version or have the complete pdf of your last year's return you might have the Capital Loss CO (carryover) worksheet that will tell you the amount.

 

In the Online version you have to save your return with all the worksheet as a pdf file to your computer to see the Capital Loss carry over worksheet. There might be 2. There is a Capital Loss Carryover Worksheet showing the carryover from the prior year and the current amounts. Then there is also the Capital Loss Carry Forward worksheet showing the amount transferring over to next year.

DavidD66
Expert Alumni

How do I see the items that make up the calculated capital gain number

Your capital loss carryforward from 2024 to 2025 will be on Schedule D.  The items that make up your capital gain will be on Form 8949.  In TurboTax Online, If you want to view these forms, you can pay without filing so you can print or view your return.  To do so:

 

  • Click on Print Center located in the ribbon on the left side of your screen
  • Click on Print, save or preview this year's return
  • Select Pay Now

After paying, you will be able to print or view your return.  You will still be able to make changes to your return.

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