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New Member
posted Apr 19, 2021 10:40:42 PM

How can I declare capital loss of 2018 and 2019 in my 2020 tax return?

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1 Replies
Level 4
Apr 21, 2021 8:13:02 AM

To carry back a net capital loss, you can follow these steps:

  1. From the toolbar, select Find (the magnifying glass icon). 
  2. Type losses in the search bar.
  3. Select Losses from the search results, then Go
  4. Select the Request for Loss Carryback box.
  5. Select Continue until you reach the Net Capital Loss Carrybacks screen. 
  6. 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
  7. You have now carried back your net capital loss. Your carryback amounts won't affect this year's tax return.

For any additional questions, please contact our team here.