This article explains how to report capital loss carryovers.
- Capital loss carryovers will automatically transfer from a prior year into the appropriate input field.
Table of contents:
Entering a capital loss carryover in the Individual module
- Go to Screen 17, Dispositions.
- Select Carryovers/Misc Info from the left navigation panel.
- Locate the Schedule D section.
- Under the Capital Loss Carryover subsection, enter applicable amounts as they appear on Schedule D.
Entering a capital loss carryover in the Corporate module
- Go to Screen 15, Dispositions (Sch. D/4797/etc.).
- Select Carryovers/Misc Info from the left navigation panel.
- Locate the Schedule D (Miscellaneous) section.
- Under the Capital Loss Carryover subsection, enter applicable amounts as they appear on Schedule D.
Entering a capital loss carryover in the Exempt Org. module
- Go to Screen 24, Dispositions.
- Select Misc (C/O, CGD, etc.) from the left navigation panel.
- Locate the Schedule D section.
- Under the Capital Loss Carryover (Corps.) subsection, enter applicable amounts as they appear on Schedule D.
Entering a capital loss carryover in the Fiduciary module
- Go to Screen 22, Dispositions.
- Select Carryovers/Misc from the left navigation panel.
- Locate the Schedule D section.
- 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.