I am using Turbotax Premier and did so in 2019 as well. My 1231 Tax Loss Carryforward is not showing up in my 2020 return and I cannot see where to enter it manually this year.
I sold a rental property (active) in 2019 and had a substantial Loss such that my Taxable income was zero.
I did not use the total amount of the loss and would like to enter the remainder in my 2020 taxes.
In 2019, it was done on Form 4797 and transferred to Schedule 1 (Adjustments to Income) and on to Line 7a of my 1040.
How do I get the balance of the loss to carryforward in TurboTax?
Many thanks for taking the time to answer my question.
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