turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

StHuddle
New Member

Carryover loss

If I have losses from previous years and use the standard deduction for the current tax year (married filing together), will my losses just carry forward to the next tax year?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Carryover loss

TurboTax will generally carry forward losses, such as excess capital losses and suspended passive losses, from the previous tax year to the current tax year. 

 

However, TurboTax does not calculate net operating losses nor carry NOLs forward.

View solution in original post

2 Replies

Carryover loss

TurboTax will generally carry forward losses, such as excess capital losses and suspended passive losses, from the previous tax year to the current tax year. 

 

However, TurboTax does not calculate net operating losses nor carry NOLs forward.

robert  qlwmqn
Returning Member

Carryover loss

My 2021 taxes are showing a carryover loss from the 2020 taxes.  It should not be there.  How do I remove it from the 2021 section 4.65d in miscellaneous expenses?

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies