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Nomad4792
New Member

Form 8995 and Form 4797 - Where to enter in TurboTax

Hello,

 

I am working on Tax Year 2023.

 

I have carryforward losses for an LLC that ceased operations in 2021.  The LLC has been dissolved and I have not owned any other businesses since then.

 

However, I have carryforward losses for this business that were reflected on Forms 4797 and Forms 8995 last year (Tax Year 2022 - filed by a CPA)

 

I do not want to lose these carryforward losses even though I cannot currently use them.

 

How do I enter this information in the different TurboTax versions?  Can I view and edit the completed forms? I do not want to pay or use TurboTax if it does not have this capability.

 

Thank you.

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1 Reply
PatriciaV
Expert Alumni

Form 8995 and Form 4797 - Where to enter in TurboTax

Yes, any of the TurboTax CD/Download Products will allow you to view and edit the forms in your return. In most cases, carryover losses are entered under a related activity (rental, self-employment, investments) using the step-by-step interview provided in all TurboTax products.

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