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prague1st
Returning Member

How to put in capital loss carryover in TurboTax online

I have ~$5000 long term capital loss in 2024. $3000 of which was reported in last year's tax return, with ~$2000 carry over to this year (tax year 2025). However, in turbotax online, i tried 'Federal' -> 'Wages & Income' -> 'Investment & savings', but there is no place for my to input this $2000 carryover loss. Can you help me find out where to find it?

 

I was not using turbotax for the previous year's tax return. Also i'm using the 'do it yourself' premium version this year if that helps.

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How to put in capital loss carryover in TurboTax online

Here's a navigation shortcut to get to the capital loss carryover section in Online TurboTax.  Have your 2024 tax return handy to refer to when you go through this.

 

  • With your 2025 return interview open, go to left menu column and choose TAX TOOLS, then TOOLS.
  • In the Tools window choose the blue button TOPIC SEARCH.
  • In the topic search line enter the phrase capital loss carryover without quotes.
  • Make the selection in the results, and either double-click on it, or click GO.
  • Next screen:  "Do you have investment losses you couldn't claim last year?"  Also watch the video you are presented there.
  • Then continue answering the screens in that topic.

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