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Get your taxes done using TurboTax
I used TurboTax last year as well and I was asked that question. I think the program has been set up to require user input in making a proactive decision about how you want to handle previous year carryovers because there are more ways than one to deal with them. There may be limits on how much can be carried over and it may require several years, depending on your AGI for the current year, which may have changed from last year. Many variables and the program cannot make decisions or assumptions if there is more than one way it can be handled. I hope that is correct and that it is helpful.
‎July 12, 2020
6:02 PM