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Level 2
March 19, 2021
Solved

Prior years "Allowable Loss"

  • March 19, 2021
  • 1 reply
  • 11 views
No text available
    Best answer by JohnB5677

    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.

    1 reply

    AsodhiAuthor
    Level 2
    March 19, 2021

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

    JohnB5677
    JohnB5677Answer
    Level 15
    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.

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