Federal Carryovers can be losses, deductions and other entries, that are carried from last year to be used this year.
If you did not have any kind of carryovers from last year to be used against income or deductions for this year, this may not refer to you.
An entry may have accidently created this form and it can be deleted.
To delete this form if it does not pertain to you:
- Select Tax Tools.
- Choose Tools.
- Choose Delete a Form
- Find Federal Carryover forms and all worksheets attached to it, select Delete.
- As a step to be sure the form has been deleted, run through step 4 once more to be sure that form was deleted as well as any related worksheets.