bruggeman123
Level 1
‎09-16-2020 04:38 PM

I just did an amended 2018 return for a client. He had Schedule D losses that exceeded the 

limit of $3,000. How does this transfer to a 2019 return that has been completed. I will need to

do an amended 2019 return. Thanks

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sjrcpa
Level 15
‎09-16-2020 04:51 PM

You will need to manually enter the capital loss carryover into the 2019 tax return.


The more I know the more I don’t know.
Just-Lisa-Now-
Level 15
Level 15
‎09-16-2020 06:04 PM

2019 will have a Federal Carryover Worksheet that you can enter the capital carryover losses.

Activate the 1040X in 2019 (click the 2019 box at the top of the form) then go to the Federal Carryover Worksheet and enter the capital loss carryover (its on page 2 of the worksheet, Lines 12 and 13) and it should make the adjustment on the return.


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