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Asodhi
Level 2
March 19, 2021
Solved

Prior years "Allowable Loss"

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    JohnB5677
    JohnB5677Answer
    Alumni - Intuit
    March 21, 2021

    If it is a carryforward loss from 2019 it would be entered as a negative number.

     

    It will then be carried forward to your current return an applied appropriately.

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
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    2 replies

    AsodhiAuthor
    Level 2
    March 19, 2021

    i wanted to know whether to enter a positive or a negative number for this loss.

    JohnB5677
    JohnB5677Answer
    Alumni - Intuit
    March 21, 2021

    If it is a carryforward loss from 2019 it would be entered as a negative number.

     

    It will then be carried forward to your current return an applied appropriately.

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
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