Case 03 · Training Case Study
Tracked a long-term capital loss from a 2024 training return into 2025, applied the annual limitation, and verified the remaining amount carried to 2026.
Case overview
This two-year case demonstrates why a prior-year return matters to current-year preparation. The 2024 return generated a long-term capital-loss carryover. That tax attribute was brought into the 2025 return, applied through Schedule D, and reduced to a remaining carryforward for the next filing year. The review emphasized continuity across returns rather than treating each filing year as an isolated assignment.
This is structured training/internship work. It is not a client engagement and does not represent independent tax, legal, or financial advice.
Multi-year continuity
Capital-loss deduction applied
$5,200 long-term capital loss
Capital-loss treatment continued
$1,050 long-term capital loss
Key tax areas
Forms & schedules
Preparation workflow
Review available records and prior-year information for completeness.
Classify income, adjustments, deductions, credits, payments, and state items.
Build the applicable return components and trace how they feed the core return.
Review diagnostics, outputs, cross-form relationships, and unresolved questions.
Identify future-year attributes and document items that require follow-up.
Organize a consistent return package for senior review.
Key review points
Confirming the prior-year capital-loss attribute before beginning the next return
Applying the annual capital-loss limitation consistently
Reconciling Schedule D and Form 8949 across consecutive years
Verifying the remaining balance available for the following year
Quality control
Proof of work
Each item connects a case-study claim to an actual form or worksheet excerpt, then explains the preparation skill it demonstrates.
Original PDFs are not public. Taxpayer names, identification numbers, addresses, dependent identities, property addresses, banking information, signatures, and preparer identifiers are excluded from these rasterized derivatives.
The 2024 worksheet applies the annual limitation and calculates the long-term capital-loss amount available for the following return.
Prior-year tax attribute review, carryover identification, and Schedule D continuity.
The 2025 worksheet incorporates the prior-year amount, applies the current-year limitation, and calculates the remaining carryforward.
Multi-year continuity, prior-year review, and carryforward tracking.
The timeline connects both verified worksheets into one year-over-year review story rather than presenting the returns as isolated filings.
Tax-attribute continuity, return comparison, and reviewer-ready carryover documentation.
What this case demonstrates
Portfolio disclosure
This case study was completed as part of structured US tax preparation training/internship work and is presented solely to demonstrate tax preparation skills and workflow familiarity. It does not represent a real taxpayer or paid client engagement. Personal, banking, and identifying information has been removed from all publicly displayed portfolio materials.
For employers
I’m interested in a US tax team where I can contribute careful preparation, clear open-item notes, and coachable reviewer-ready work. Additional sanitized training samples are available upon request.