How do I locate the carry overs from a prior year return? Do I use 8801 to locate AMT carryover and use Schedule D to locate capital loss carryover? (must do it manually)

I skipped filing one year. So, the automatic carryover importing/calculation is gone. And I have to enter it manually. I know I have AMT carryover (credit) and capital loss carryover. I see form 8801 stating (Credit carryforward to next year) referring to AMT credit. And Schedule D lists the capital loss. Are these the right places on the PDF return to obtain the two carryover numbers? Anything else I need to check in the PDF? And I plan to enter the numbers in "Capital Loss Carryover" in the new return. Thank you.

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1 Best answer

Level 15

Oct 4, 2022 1:36:42 PM

There is a worksheet for Schedule D (in the instructions) and you would figure your AMT carryover credit on Form 8801.

However, why did you "skip filing one year"? The carryovers are generally applied to the next tax year and skipping one year can present an issue.

Level 15

Oct 4, 2022 1:36:42 PM

There is a worksheet for Schedule D (in the instructions) and you would figure your AMT carryover credit on Form 8801.

However, why did you "skip filing one year"? The carryovers are generally applied to the next tax year and skipping one year can present an issue.

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How do I locate the carry overs from a prior year return? Do I use 8801 to locate AMT carryover and use Schedule D to locate capital loss carryover? (must do it manually)