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Get your taxes done using TurboTax
Go to Final Details at the bottom of the Business Income and Expenses page in TT.
Then click; Update.
On the update/next screen, click; I have at risk losses carrying over from 'prior year'.
Then click; Continue.
Then, click; Schedule C and the dollar amount.
Then that dollar amount should pop up on your Line 27 Other Expenses (from Line 48).
So more accurately, your dollar amount loss from last year should pop up on Line 48 in current year as:
SECTION 465(d) CARRYOVER
March 11, 2025
6:54 PM