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New Member
posted Mar 29, 2025 1:58:54 PM

I have a dormant section 1231 non-recaptured loss. I am retired and I don't plan on using this loss. However, TurboTax will not release my 2024 taxes without resolving?

TurboTax left me on "Check this Entry" with no way to delete the dormant carryover.

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1 Replies
Expert Alumni
Mar 31, 2025 10:11:11 AM

You may be able to find the carryover loss listed in your forms and delete it.

 

Follow these instructions:

 

1. Choose the Tax Tools option on your left menu bar while working on your return

2. Choose Tools

3. Choose the Delete a form option under Other Helpful links 

4. Look for the loss carryover form or worksheet in the list and delete it