Capital Loss Carryover Worksheet—Lines 6 and 14
Use this worksheet to figure your capital loss carryovers from 2024 to 2025 if your 2024 Schedule D, line 21, is a loss and (a) that loss is a smaller loss than the loss on your 2024 Schedule D, line 16; or (b) if the amount on your 2024 Form 1040, 1040-SR or 1040-NR, line 15 would be less than zero if you could enter a negative amount on that line. Otherwise, you don’t have any carryovers. If you and your spouse once filed a joint return and are filing separate returns for 2025, any capital loss carryover from the joint return can be deducted only on the return of the spouse who actually had the loss. If you excluded canceled debt from income in 2025, see Pub. 4681. 1. Enter the amount from your 2024 Form 1040, 1040-SR, or 1040-NR, line 15. If the amount would have been a loss if you could enter a negative number on that line, enclose the amount in parentheses 1. 2. Enter the loss from your 2024 Schedule D, line 21, as a positive amount 2. _____ 3. Combine lines 1 and 2. If zero or less, enter -0- 3. _____ 4. Enter the smaller of line 2 or line 3 4. _____ 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 your 2024 Schedule D, line 7, as a positive amount 5. _____ 6. Enter any gain from your 2024 Schedule D, line 15. If a loss, enter -0- 6. _____ 7. Add lines 4 and 6 7. _____ 8. Short-term capital loss carryover for 2025. Subtract line 7 from line 5. If zero or less, enter -0-. If more than zero, also enter this amount on Schedule D, line 6 8. _____ 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 your 2024 Schedule D, line 15, as a positive amount 9. _____ 10. Enter any gain from your 2024 Schedule D, line 7. If a loss, enter -0- 10. _____ 11. Subtract line 5 from line 4. If zero or less, enter -0- 11. _____ 12. Add lines 10 and 11 12. _____ 13. Long-term capital loss carryover for 2025. Subtract line 12 from line 9. If zero or less, enter -0-. If more than zero, also enter this amount on Schedule D, line 14 13. _____