Reporting net capital loss from previous year

Are you using TurboTax CD/Download or TurboTax Online? Do you have capital gains in 2023?

I'm using TurboTax Online.

I figured out how to do it- I needed to indicate in the worksheet how much of the loss I was claiming for 2023.

It's fine now.

Thanks!

I am having the same issue using desktop

Entered how much net capital loss from prior years to be claimed in 2023 on the loss worksheet but it is not showing on line 25300

I do have capital gain to report in 2023 on principle residence sale, it was not the principle residence for the entire time it was owned. 

@lslichter Have you also made sure to enter the amount of loss that you are claiming for the year? 

yes I have, but line 25300 is zero, and capital gain linec12700 is much larger than the loss claimed

Please contact our phone support team at 1-888-829-8608 as they will be better able to assist you.

Yes I figured out that this was what I needed to do. Then it worked fine.

Thanks for your help!

Great to hear - have a great day!

Could you please tell me what you did to get it show up on line 25300. I am having the same problem

@Warren16 Are you using TurboTax CD/Download or TurboTax Online?

I am using the TurboTax download

@Warren16 

Have you made sure to enter the amount of loss you are claiming on the Loss worksheet?

Yes, I entered the amount under claimed in 2023. I still get 0.00 in 25300

@Warren16 Please try reinstalling TurboTax using the download from our website.  You can download the current version of TurboTax CD/download edition here:  Choose the 2023 TurboTax edition you need (for Windows). If you are still not able to resolve this issue, please contact our phone support team at 1-888-829-8608.

Okay, Thank you. I will download the version tomorrow and hopefully that solves the issue.

Thank you for your help

Regards,

Warren

Hi, I figured it out. 

The return is for a deceased person, as a result it will not populate Net Capital losses from prior years line 25300. As soon as I delete the date of death it then populates 25300.

Given that, then it should put the loss on Schedule 3. 

However, it does not do that.

So the prior year losses never get applied against capital gains.

This needs to be addressed and fixed.

As a work around I had to manually put the loss on Schedule 3.

Regards,

Warren

Sorry for your loss.

Thank you for the update and the feedback. We appreciate your input and resolution.

Thank you for choosing TurboTax.

I did contact support, they could not see a reason for the issue and suggested I remove all the info related to capital gains and losses carried forward and then re-enter fresh. I did and that seemed to correct whatever confusion was going on in the program.

Thanks

Thank you for the update and happy to see the issue was resolved.

Thank you for choosing TurboTax.

No, it is not resolved.

I just tired what was suggested and it did not work.

It works fine until you input the date of death.

Once you do that ,then it zeros out the net capital loss from prior years on line 25300.

And does not take the loss to Schedule 3.

The key here is the inputting the date of death, it triggers the elimination of the net capital of prior years

Considering the previous steps have not helped, we believe your best option is to contact our telephone support team for further assistance, as they have the option to view your screen to help resolve the issue. To contact them, please follow this link: Contact Us. When asked if you wish to receive an email say NO then say "speak to a representative" then hold the line. If a resolution is not reached, please ask for an escalation for the issue to be investigated.

​​​​​​​Thank you for choosing TurboTax.