Capital loss carryover worksheet

Instructions:

Select the tax year with which you are currently working.
Enter amounts from the prior tax year and the worksheet that should have been produced with that tax year will be filled in. If a field is zero, enter 0. If a field is negative, enter it as such.
If the taxable income is zero, it may actually be negative. Additional entry fields will be displayed to help determine the negative amount which will be added back to the carryover amount because it was not needed to bring the taxable amount to zero.
Enter the results into TaxSlayer for the current year.

Prior year income:

IRS Capital Loss Carryover Worksheet

1.	Enter the amount from 2024 1040 line 15. If it would have been a loss, enter as a negative number.
2.	Enter the loss from 2024 Schedule D, line 21 as a positive number.
3.	Combine lines 1 and 2. If zero or less, enter 0.
4.	Enter the smaller of line 2 or line 3
	If line 7 of your 2024 Schedule D is a loss, go to line 5; otherwise, enter 0 on line 5 and go to line 9.
5.	Enter the loss from 2024 Schedule D line 7 as a positive number
6.	Enter any gain from 2024 Schedule D, line 15. If a loss, enter 0.
7.	Add lines 4 and 6.
8.	Short-term capital loss carryover for 2024 Subtract line 7 from line 5. If zero or less,enter 0.
	If line 15 of your 2024 Schedule D is a loss, go to line 9; otherwise, skip lines 9 through 13.
9.	Enter the loss from 2024 Schedule D, line 15 as a positive number.
10.	Enter any gain from 2024 Schedule D, line 7. If a loss, enter as 0.
11.	Subtract line 5 from line 4. If zero or less, enter 0.
12.	Add lines 10 and 11.
13.	Long-term capital loss carryover for 2025 Subtract line 12 from line 9. If zero or less, enter 0.

2025 TaxSlayer input:

Short-term capital loss carryover	Schedule D Line 6
Long-term capital loss carryover	Schedule D Line 14