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How to carryover mark-to-market loss from schedule K to future years as an investor

 

Turbotax does not do the form. so it's a DIY project. make sure to read the instructs for the lines.

most likely line 24 on the form 172 (which must be negative to have an NOL) will be the same as line 11 on the 1040

the Instructions for the 172 don't say anything about including it with your return. However, you should because of the Paperwork Reduction Act Notice. "You are not required to obtain the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number."

the form does have a valid OMB control number (top right)

there is no way to scan or copy this form so you can e-file your 1040. thus you'll have to mail in your return. this should be the kast page in the return since there is no attachment sequence. 

yes you can enter the NOL in the 2024 column in the carryover worksheet line 14a. Enter as a positive number

 

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