topic Carry over deductions in Deductions & credits

Carry over deductions

Norwood65 — Mon, 23 Feb 2026 10:00:54 GMT

Can deductions be carried forward to a following year if expenses exceed income?

Re: Carry over deductions

Carl — Fri, 27 Jan 2023 16:22:36 GMT

Yes. Depending on what type of business and what type of return you file, the program may or may not take care of that for you.

Re: Carry over deductions

Mike9241 — Fri, 27 Jan 2023 17:05:40 GMT

for schedules C, E or F, if you have a net business loss you may or may not have a net operating loss that can be carried over. Turbotax will not compute this. use schedule A of form 1045 to compute if you have a NOL. for other forms and schedules there may be specific rules about your situation. you would have to provide more info

https://www.irs.gov/pub/irs-pdf/f1045.pdf