Thank you. I was thinking it should carry forward too, but it isnt. The deduction shows on 2019's form 4797 as a 78k loss. This was then applied to the 1040 line 7a giving me negative income in 2019.
Turbotax asks about nonrecaptured 1231 loses and when I fill in the carryover, it says it doesn't apply to anything.
Am I missing something?
