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hntrust
Level 3

Loss carryover entry

Do I enter here the loss calculated on the 2016 carryover worksheet  of $13,215? Also on the Deductions screen there is an entry for Other deductions - Net operating loss carryover. Do I enter $13,215 here also?

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tagteam
Level 15

Loss carryover entry

" Do I enter $13,215 here also?"

No, you would only enter a NOL in the Deductions screen to which you referred. 

Enter your capital loss carryover in the Income section (specifically, Investment Income>>Capital Loss Carryover).

View solution in original post

1 Reply
tagteam
Level 15

Loss carryover entry

" Do I enter $13,215 here also?"

No, you would only enter a NOL in the Deductions screen to which you referred. 

Enter your capital loss carryover in the Income section (specifically, Investment Income>>Capital Loss Carryover).

View solution in original post

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