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Business & farm
You can review the amount pulled into your state return by going through the state interview section again.
- Select State in the black panel on the left hand side of your screen when logged into TurboTax.
- This will take you to a screen titled Let's get your state taxes done right. Click continue on this screen.
- You will see the following screen titled Status of your state returns. Select Edit to the right of California to review your entries.
Proceed through the screens until you see the screen titled Here's the income that California handles differently.
Scroll down to Business and select Limitation on Business Losses.
You will make your Excess Business Loss Carryover from 2019 at the bottom of the screen titled Information Related to Business Losses.
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March 1, 2021
2:55 PM