Get your taxes done using TurboTax

Hi DianeW777,

 

Thank you for the information and I thought that I would be limited to ONLY being able to use this carryforward loss on business related items.  I updated the appropriate information and the SW generated the 8995 form with the carryforward loss amount and $0 for any loss in 2024 since I no longer have that business.  I guess the SW should automatically update this information year over year until I either re-start my business or something new.  Either way, I will check that item in TT next year.