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Level 2
posted Jul 9, 2020 7:18:47 AM

How to enter At-Risk Loss from last year?

I found out that I have an At-Risk Loss from last year.  Where do I enter it in the turbo tax program?  Do I enter it in the 465(d) carryover section under Special Situations or Do I enter it in the Net Operating Loss under the section at the bottom of Business called "Less Common Business Situations" OR do I enter it in BOTH PLACES?   Also, in the Net Operating loss, it says you can enter a loss for all previous years for any unused losses.  How many years back can you enter losses for? And, how do I tell if the loss is unused?  Please help, I'm so lost and new at doing taxes.  Thank you!

 

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1 Replies
Level 15
Jul 9, 2020 7:23:38 AM