DaveF1006
Expert Alumni

Get your taxes done using TurboTax

No,  TurboTax automatically uses the FIFO(first-in-first-out) method for determining what carryback amount to use. If a year has a zero carryover, TurboTax will automatically skip that year and grab the next available dollar from the subsequent year in the table. 

 

In this case, TurboTax will designate what year to use. You wouldn't make that determination on your own.

 

 

 

 

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