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Where can one view whether one has capital loss carryover from last year on one's tax forms from last year?

Personal Finance & Money Asked on May 21, 2021

I’m filing for my US taxes as a US lawful permanent resident, and I’m trying to determine whether I have any capital loss carryover from last year. Where I view this information somewhere in my tax forms from last year?

One Answer

For federal tax, look at the "Schedule D - Capital Gains and Losses" in the tax forms from last year:

  • Schedule D, Line 07 for short-term;
  • Schedule D, Line 15 for long-term;
  • Schedule D, Line 16 for short-term + long-term. If the loss is greater than $3000 (or $1500 if MFS), you have carryover loss, else no.

Correct answer by Franck Dernoncourt on May 21, 2021

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