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# can you help me prepare the schedule d 2010 when I have a loss

### Resolved Question:

can you help me prepare the schedule d 2010 when I have a loss carryforward from 2009
Submitted: 1 year ago.
Category: Capital Gains and Losses
Expert:  USTaxAdvising replied 1 year ago.

Sure, what part of the Schedule D do you need help with?

Customer:

I have a loss of 18796 in 2009 and need to reflect it on my 2010 schedule d. I am having trouble following the capital loss work sheet

Ok hang on while I bring up a 2010 Schedule D

Customer:

I have a gain of 5213 in 2010--

is the carryover loss long term or short term? or a mix of both?

Customer:

long term

Customer:

I had an additional loss of 4300 in 2008 and showed a 300 loss on the 1040

Customer:

3000

Customer:

I know I can only take 3000 each year but need help in filling out the form

ok if the 18,796 is 100% long term it will go on line 14 of your 2010 schedule D.

if you had any gains or losses in 2010 they will be reported on lines 1-13.

Line 16 would then combine lines 7 and 15 for a cumulative total gain or loss for 2010.

Did you have any gains or losses in 2010?

Customer:

I had a gain o 5123 in 2010 and trying to complete the capital loss worksheet

ok line 16 of Part III to your schedule D will be 13,673

line 21 would be (3,000) if married filing joint and (1500) if filing seperately.

you would have a carryover loss of 10,673 to 2011.

Customer:

I can offset the entire gain in 2010 with the loss from 2009 and then charge off an additional 3000

yes exactly

Customer:

ok

Customer:

what is the purpose of the capital loss carryover worksheet

It is to assist people in determining what amount of the losses they can take each year and what amount gets carried forward.

It can be somewhat confusing....

as with many other IRS forms and worksheets.

Are you good?

Customer:

I guess thanks

Satisfied Customers: 1044
Experience: Professional in capital gains and finance related questions

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