Based on the instructions in the "What are the limitations?" link next to the box where you enter your conservation expenses, you must make a manual calculation of the "25% of gross income" limit yourself.
In other words, TurboTax does not make this limitation calculation and any associated carry-forward. Instead, you must manually calculate the 25% limit based on your income and enter that amount in the Conservation Expenses box.
In addition, you must manually track your carry-forward balance from year to year. To the extent your conservation expenses (including any carry-forward) exceed the 25% limit in 2020, that amount will carry-forward to 2021.
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