Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 

Reporting net capital loss from previous year

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

Warren16
Returning Member

Reporting net capital loss from previous year

I am using the TurboTax download

Reporting net capital loss from previous year

@Warren16 

 

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

 

Warren16
Returning Member

Reporting net capital loss from previous year

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

Reporting net capital loss from previous year

@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.

Warren16
Returning Member

Reporting net capital loss from previous year

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

Thank you for your help

Regards,

Warren

Warren16
Returning Member

Reporting net capital loss from previous year

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

Reporting net capital loss from previous year

Sorry for your loss.

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

 

Thank you for choosing TurboTax.

Reporting net capital loss from previous year

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

Reporting net capital loss from previous year

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

 

Thank you for choosing TurboTax.