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Level 2
March 8, 2024
Question

Loss carry forward - where to get numbers?

  • March 8, 2024
  • 1 reply
  • 0 views

I see from other posts that TT does not carry losses forward for you, and I'm sure I've completely messed those up in prior years.  But they also don't tell you where to find that info from previous returns.  Which forms/lines contain this information?

1 reply

Level 2
March 8, 2024

 

KrisD15
Level 15
March 9, 2024

Look at the previous year Schedule D

Part III line 16 shows your total loss

Line 22 shows the loss you claimed

The difference would be the carry-over 

 

TurboTax also would have a Capital Loss Carryforward Worksheet included with your tax documents for that previous year reporting the carryforward amount. 

This worksheet is not included in your tax filing, so you would need to print (save to PDF) all worksheets to get see this. 

 

HERE is a link to print prior returns using TurboTax 

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Level 2
March 9, 2024

Sorry, I didn't give enough information.  This is a Schedule C (Sole Prop) net operating loss.  Looks like D is for Cap Gains/Losses and C-Corps.