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Level 2
March 10, 2021
Question

WhatDo I put down when it says carry over and it says to put an amount but the very top of the box it says you what do I do

  • March 10, 2021
  • 2 replies
  • 19 views
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2 replies

Level 2
March 10, 2021

WhatDo I put down when it says carry over and it says to put an amount but the very top of the box it says you what do I do

Alumni - Expert
March 10, 2021

Can you please clarify the section of the program you are in and whether you are referring to the federal return or a specific state so we can assist you?

 

Typically, a carryover is a loss that may have been limited in a prior year due to tax laws.  This carryover is sometimes allowed to be carried forward to the following year and used to offset any income earned in a subsequent year.

 

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