manually enter capital loss carryover from 2024

[yosemite798]

Hello everyone, 

   I am in the process prepare my 2025 tax return.

   Software: TurboTax Premier 2025 desktop edition

   Filing status: married file jointly. 

   2024 tax return prepared by accountant. (I only have PDF file)

  I have flowing questions 

  1. verify capital loss carryover amount: $3,190 for 2025 is correct

  2. verify AMT taxable income $208,492 for 2024 is correct

  3. how to determine if I have capital loss carryover for 2026

  1. After calculation, my capital loss carryover for 2025 is $3,190 (use amount in line 16 - amount in line 21)

      I entered -$3,190 on Schedule D (2025) line 14. 

   Schedule D (2024) Data

    Line 13 capital gain distribution: $1,994
    Line 14 long-term capital loss carryover: ( $8,094)
    Line 15 Net long-term gain or (loss): -$6,100

    Line 16: Combine line7 and 15 enter result: -$6,190

    Line 21: $3,000

 2.  My accountant didn't provide tax form 6251 for 2024.

      TurboTax software indicated without form 6251, taxpayer can calculate AMT taxable income for 2024 by            adding amount listed on line 12 and line 15 on 1040 (2024)

      Form 1040 (2024) data
      Line 12 amount: $29,200
      line 15 amount: $179,742
      Line 11 AGI amount: $209,422

     My 2024 AMT taxable income: $208,942 ($29,200 + $179,742)

 3. On Schedule D (2025) Part III summary,

     line 16: -$2,437

     line 21: -$2,437

     I have no capital loss carryover for year 2026. Please let me know my conclusion is correct or not. 

     I attached some screenshots for reference purpose. 

capital loss 2024 detailcapital loss 2025 detailcarryover worksheet 2025schedule D (2025) part IISchedule D (2025) Part IIISchedule D (2025) line 21

[RobertB4444 · Accepted solution]

You appear to have applied everything correctly and your capital loss does get used up in 2025 so no carryover to worry about for 2026!