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Level 1
August 12, 2025
Question

carry forward loss

  • August 12, 2025
  • 1 reply
  • 4 views

Trying to recreate a 2023 tax return from another software. have issues with calculations.  don't know if proseries has the capabilities regarding At risk limitations(form 6198) passive and non passive activity loss limitations(8582) limitation on business losses(461)  Need this calculation to transfer to 2024 tax return.

 

1 reply

Level 15
August 12, 2025

What is your question?  What calculations are you having issues with?

I think ProSeries does well with Passive carryovers and At-Risk calculations (but double check that At-Risk situation actually applies).  I could be wrong, but if I remember correctly, it does not deal with Excess Business Losses and you may need to do that manually.

Level 2
November 29, 2025

In what screen do you enter it manually?