Entering a capital loss carryover in Lacerte

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:

Individual

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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Corporate

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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Exempt Org.

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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Fiduciary

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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