Yes, you will need to enter the carryovers reported on your previous tax return.
Your carryover amount is shown on Form 8582, Part VII, "Unallowed Loss" on your prior year tax return. The alternative minimum carryovers may be the same if your assets are using the 27.5 year depreciation method (most common). Look for a similar Form 8562 with "Alt Min Tax" under the main title.
If you have a QBI loss carryforward, it would be reported on Form 8995-A as a supplemental page "Loss Netting and Carryforward."
If you used TurboTax Online last year, follow these instructions to print your prior year return:
- Sign in to your TurboTax account. Make sure you're using the same TurboTax account (same user ID) as in previous years.
- From Tax Home, scroll down and select Your tax returns & documents. Select the year you want and select Download/print return (PDF).
Note: If the year you're looking for isn't there, it might be in a different account. Go here to find all of your accounts. One of them should have the return you're looking for.
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