Capital Gains and Losses - Loss Carryover From Previous Year
1
To enter or review short-term and long-term capital losses carried over from a prior year, follow the steps below. This allows the TaxAct program to transfer the info to Schedule D Capital Gains and Losses.
If you import your prior year return in TaxAct, these amounts will be transferred automatically from your prior year TaxAct return. To import a prior year return, go to our Import Last Year's Return FAQ.
If you are not importing your information from the prior year TaxAct return, in order to calculate the current year's carryover amounts, you need to complete the previous year's Capital Loss Carryover Worksheet—Lines 6 and 14 on page D-11 of the IRS Instructions for Schedule D.
Online
Dashboard
From within your TaxAct return, click Income.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Investments & Savings drop-down.
Click Add beside Capital Loss Carryover.
Complete the rest of the interview process.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Investment Income drop-down, then click Gain or loss on the sale of investments drop-down, then click Capital loss carryover from previous years.
Complete the rest of the interview process.
Desktop
From within your TaxAct return, click Federal.
Click the Investment Income drop-down, then click Gain or loss on the sale of investments drop-down, then click Capital loss carryover from previous years.
Complete the rest of the interview process.
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