“Can you use deluxe if you have carry forward loss but no other capital gain transactions”

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• If you sold stock, bonds or mutual funds, sold employee stock, own rental property or are a trust beneficiary TurboTax Premier is recommended to ensure accuracy. You can report your carryover loss using TurboTax Deluxe and we will help guide you through those entries. If you transfer last year's TurboTax return for this year, it will be automatically entered as well. You can deduct up to $3,000 in capital losses. Losses beyond that amount can be deducted on future returns as a capital loss carryover until the loss is used up. Carryovers from this year's return must be applied to next year's.

  Answered by TurboTax Brand Expert 9 months ago

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