You need to update your Business Profile, which is on the screen that says Your (name of business) Business. You will come to a screen that says Lets confirm your Business Info. One of the option says Disposed of business in current year. You need to edit that option to say "yes".
TurboTax tax will carry your loss carryovers to the current year automatically. You see the question since some users may have not have used the program in the previous year so they would need to enter the loss carryovers in the current year. You will find the business loss carryovers in the section that says Final Details and then Special Situations on the screen that says Your (name of business) Business, as I referenced earlier.
Capital loss carryovers will be found in the Investment Income section and then Capital Loss Carryover. It is in the Wages and Income section.
You cannot carry loss carryovers backwards, accept net operating losses but only in special situations.
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