How do I determine my capital loss carryover from 2017 to 2018?

Forum|Forum|7 years ago
June 7, 2019
6 replies
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TurboTax Premier Mac

Best answer by VolvoGirl

On the income page The 2017 column shows the carryover to 2018 (not your current loss for 2017). 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.

There is also a 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.

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 and Carry Forward worksheets.

In the Desktop program you can go to Forms and find it in the list in the left column.

DoninGA

Level 15

Look at the Capital Loss Carryforward Worksheet in Forms mode using the 2017 TurboTax software.

VolvoGirlAnswer

Level 15

On the income page The 2017 column shows the carryover to 2018 (not your current loss for 2017). 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.

There is also a 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.

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 and Carry Forward worksheets.

In the Desktop program you can go to Forms and find it in the list in the left column.

A

asanghvi

Level 2

Hello

Please explain why turbotax Deluxe asks "do you have investment losses you could't claim in 2018?" even though 2018 data has been already imported in 2019?

Also, what happens if one response with "no" by mistake?

Thanks.

Arun Sanghvi

D

DanaB27

Employee Tax Expert

If you accidentally answered no to the question "do you have investment losses you couldn't claim in 2018?" then you can go back and enter the capital loss carryover by following these instructions:

How do I enter my capital loss carryover?

If you transferred last year's TurboTax return over, you don't have to do a thing—we've already entered it for you.

Otherwise, just open your TurboTax return, search for capital loss carryover, and then select the Jump to link in the search results.

We'll take you to the screen where you can enter that info from your prior year return.

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