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What is a federal carryover worksheet and how do i fill it out?
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Investors & landlords
Carry overs for what? A SCH C businses? A corporation of some type? Rental Property? Investment loss of some type?
Generally, "YOU" don't deal with or fill out the carryover worksheet. The program takes care of that stuff "for you" if you enter data correctly in the program.
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I'm trying to figure this out as well. It's asking me to complete it. However, I didn't work this year. I claimed a very small 1099 from the irs and was trying to carry over my income from 2019 because I didn't work this year. I did platforms the year prior. I wish someone could answer this.
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@cowgirlup96 If you did not have Carryovers from 2019, you can Delete the Federal Carryover Worksheet from your return.
You would not carry over your 2019 income to this worksheet. TurboTax fills it out for you based on your 2019 return. It is usually for Business Losses you could not claim in 2019.
Click this link for more info on the Federal Carryover Worksheet.
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