Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 12, 2020 11:28:45 AM

Form 3805Q Loss code must be entered

upon filing my return turbo tax is not allowing me to proceed if I dont enter a loss code from carryover losses in 2018. Anyone have an idea what loss code I should enter?  

0 2 4476
2 Replies
Expert Alumni
Mar 12, 2020 5:03:12 PM

According to 3805Q instructions, the loss code is the sic code for your business, unless it is a disaster loss.  if you had a disaster loss, the codes are listed in the link. You can search these by various web search engines.  Here is a link by the NAICS that may give you the code you are looking for.

Level 1
Mar 13, 2021 2:53:11 AM

I was stuck here too.  I found those 4 digit SIC codes and that seemed to work.  Thanks.