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Get your taxes done using TurboTax
You are referencing a code 465(d) loss carryover. That would happen if you had a loss from your business that was more than the amount of money you invested in it. When you amend our 2021 return you may find that you don't have a loss anymore, and in that case you wouldn't have a code 465(d) loss carryover to 2022.
If you did have a loss from your business that was more than you invested, then the loss amount would represent a loss carryover to 2022.
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‎April 6, 2023
3:40 PM