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Level 2
April 15, 2023
Question

where do you input loss carryforward for a new client

  • April 15, 2023
  • 1 reply
  • 7 views
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1 reply

George4Tacks
Level 15
April 16, 2023

Look in Income > Net Operating Loss

OR

Give more information in your question.

Answers are easy. Questions are hard!
Level 7
April 16, 2023

Note: this is for capital losses, but I think it will be the same for other carry over items. 

 

If the client knows the correct amount, I did it once this way: 

click where to enter icon, 

choose Carryover, Federal Carryover worksheet,

choose or look for :

short term or long term, 

input the amount in positive numbers only. 

It will carry over for future years. 

 

Hope this helps, it might be another way. I found that way myself and it worked well. 

 

Thank you 

George4Tacks
Level 15
April 16, 2023

@athaureaux6 This is a question for ProConnect, not ProSeries.

We don't got that fancy icon you guys got.

For use Capital loss carryover is in Dispositions, look up to the right for Carryovers/Misc Info

Answers are easy. Questions are hard!