There are several places within TurboTax to enter carryover information. Hopefully a federal carry-over worksheet generated with your prior year return and is included with your total worksheets from the CPA. Here are some of the more common ones.
- Capital loss carry overs - under wage and income, investment income - section for capital loss carry over.
- Passive Loss Carry Overs (Form 8582) - For rentals, it's in the input section under the summary rental screen. For partnerships/scorps - Wage and Income screen under investment income for k-1s - after the the screen for the various numbered boxes, there is a screen to indicate you have passive loss carry overs.
- At-Risk Loss Carry Overs - Wage and Income screen under investment income for k-1s (Same screen as above).
- Office In Home (OIH) Carry-Over. Sch C Office in Home input screen.
- Net Operative Loss (NOL) Carry-Overs. Other Business Tax Situations
- Qualified Business Income (QBI) Carry-Overs. Other Business Tax Situations
- Foreign Tax Credit Carry-overs (Form 1116). Federal - deductions and credits - estimate and other taxes paid - Foreign taxes
- Charitable Contributions Carry Overs - Deductions and Credits Screen
- AMT Credit Carry Over (form 8801) - Other Tax Situations.
Also don't forget about your accumulated depreciation for any business equipment or rentals.
