Capital Loss Carryovers
Capital loss carryovers: Menu Path: Income > Common Income > Capital Loss Carryovers from Last Year
If you have more capital losses than capital gains on previous year tax returns, a capital loss carryover can be used on your 2025 tax return. Look at Schedule D, Lines 15 and 16 of your 2024 tax return. If Schedule D, Lines 15 and 16 are losses, then you might have a capital loss carryover to 2025. Use the Capital Loss Carryover Worksheet in the 2025 Schedule D instructions to calculate the amount of the carryover, and whether it is short-term or long-term.
If you have more capital losses than capital gains on previous year tax returns, a capital loss carryover can be used on your 2025 tax return. Look at Schedule D, Lines 15 and 16 of your 2024 tax return. If Schedule D, Lines 15 and 16 are losses, then you might have a capital loss carryover to 2025. Use the Capital Loss Carryover Worksheet in the 2025 Schedule D instructions to calculate the amount of the carryover, and whether it is short-term or long-term.
