ProConnect HelpIntuit HelpIntuit

Entering a capital loss carryover in Lacerte

SOLVEDby IntuitLacerte Tax217Updated September 21, 2021

This article explains how to report capital loss carryovers.

  • Capital loss carryovers will automatically transfer from a prior year into the appropriate input field.
  1. Go to Screen 17, Dispositions.
  2. Select Carryovers/Misc Info from the left navigation panel.
  3. Locate the Schedule D section.
  4. Under the Capital Loss Carryover subsection, enter applicable amounts as they appear on Schedule D.
  1. Go to Screen 15, Dispositions (Sch. D/4797/etc.).
  2. Select Carryovers/Misc Info from the left navigation panel.
  3. Locate the Schedule D (Miscellaneous) section.
  4. Under the Capital Loss Carryover subsection, enter applicable amounts as they appear on Schedule D.
  1. Go to Screen 24, Dispositions.
  2. Select Misc (C/O, CGD, etc) from the left navigation panel.
  3. Locate the Schedule D section.
  4. Under the Capital Loss Carryover (Corps.) subsection, enter applicable amounts as they appear on Schedule D.
  1. Go to Screen 22, Dispositions.
  2. Select Carryovers/Misc from the left navigation panel.
  3. Locate the Schedule D section.
  4. Under the Capital Loss Carryover subsection, enter applicable amounts as they appear on Schedule D.
    • On Fiduciary returns, capital losses are only distributed to beneficiaries in the final year.

Was this helpful?

You must sign in to vote, reply, or post
Lacerte Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.