How do I enter loss carrybacks against capital gains from prior tax years?

 

Investors and rental owners

Here are the steps to carry back a net capital loss using Turbo Tax:

  • Select Find and enter losses in the search bar
  • Select Losses from the search results, then Go
  • Select the Request for Loss Carryback box
  • Select Continue until you reach the Net Capital Loss Carrybacks screen
  • The maximum net capital loss that you can carry back is listed. Enter the amount(s) you wish to carry back for each applicable year, then select Continue

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