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Entering a capital loss carryover in Lacerte

SOLVEDby Intuit323Updated June 14, 2023

This article explains how to report capital loss carryovers.

  • Capital loss carryovers will automatically transfer from a prior year into the appropriate input field.

Table of contents:

Entering a capital loss carryover in the Individual module
Entering a capital loss carryover in the Corporate module
Entering a capital loss carryover in the Exempt Org. module
Entering a capital loss carryover in the Fiduciary module

Entering a capital loss carryover in the Individual module

  1. Go to Screen 17, Dispositions.
  2. Select Carryovers/Misc Info from the left navigation panel.
  3. Locate the Schedule D section.
  4. Under the Capital Loss Carryover subsection, enter applicable amounts as they appear on Schedule D.

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Entering a capital loss carryover in the Corporate module

  1. Go to Screen 15, Dispositions (Sch. D/4797/etc.).
  2. Select Carryovers/Misc Info from the left navigation panel.
  3. Locate the Schedule D (Miscellaneous) section.
  4. Under the Capital Loss Carryover subsection, enter applicable amounts as they appear on Schedule D.

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Entering a capital loss carryover in the Exempt Org. module

  1. Go to Screen 24, Dispositions.
  2. Select Misc (C/O, CGD, etc.) from the left navigation panel.
  3. Locate the Schedule D section.
  4. Under the Capital Loss Carryover (Corps.) subsection, enter applicable amounts as they appear on Schedule D.

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Entering a capital loss carryover in the Fiduciary module

  1. Go to Screen 22, Dispositions.
  2. Select Carryovers/Misc from the left navigation panel.
  3. Locate the Schedule D section.
  4. Under the Capital Loss Carryover subsection, enter applicable amounts as they appear on Schedule D.
    • On Fiduciary returns, capital losses are only distributed to beneficiaries in the final year.

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