Prior years "Allowable Loss"

Asodhi · ‎March 18, 2021

JohnB5677 · ‎March 21, 2021

If it is a carryforward loss from 2019 it would be entered as a negative number.

It will then be carried forward to your current return an applied appropriately.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Asodhi · ‎March 19, 2021

i wanted to know whether to enter a positive or a negative number for this loss.

JohnB5677 · ‎March 21, 2021

If it is a carryforward loss from 2019 it would be entered as a negative number.

It will then be carried forward to your current return an applied appropriately.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.