Where to enter a prior year capital loss carryover in the individual return
Desktop · Written guide Content date 1 min read
To enter a capital loss carryover from a prior year in the individual tax return (Form 1040) in Tax Processors Plus Desktop, from the Main Menu of the tax return select:
- Income
- Capital Gain/Loss (Sch D)
- Other button
-
Short Term Loss Carryover from 20xx
Long Term Loss Carryover from 20xx - Enter the short-term and/or long-term amount being carried over from the prior year (no minus sign is needed).
Additional Information:
IRS: Capital Carryover Worksheet