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Level 2
posted Apr 3, 2018 8:17:18 AM

I did not file taxes between 2014-2016 but had incurred capital losses during those years.

I did not file taxes between 2014-2016 but had incurred capital losses during those years. I also did not have a W2 during those years due to unemployment. Is there a way to claim these capital losses? 

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5 Replies
Expert Alumni
Apr 3, 2018 3:01:36 PM

Unfortunately, the only way to claim capital losses that occur in any tax year is to file a tax return for that year. Even if you had no taxable income, filing a return allows capital losses to be carried forward to future tax years.

 

Additional Information

Level 2
Apr 3, 2018 3:20:25 PM

Thank you for your response. Can I get some instructions on how to file tax returns for years 2014-2016 on TurboTax? Cheers.

Expert Alumni
Apr 3, 2018 3:46:42 PM

To complete prior year tax returns (2014 thru 2016) using TurboTax you will need to purchase and download each tax year separately from this website: TurboTax Prior Year Products

Level 2
Apr 3, 2018 4:07:46 PM

Thank you once again. For Prior Year taxes, is the deadline to file still the same (April 17th)? Cheers.

Expert Alumni
Apr 3, 2018 5:10:09 PM

You may file a prior year return at any time. But you have only three years from the original filing date if you expect a refund for that year.