Section 1231 Loss Carryovers - How to enter?

[jnate1]

Hello.  Does anyone know how to enter Section 1231 loss carryovers in TurboTax?  My 2021 tax return indicates that I have Section 1231 losses (subject to recapture) that carry over to tax year 2022 (specifically, I have such losses that carry over from 2017, 2018 and 2019).  I am using the desktop version of TurboTax Premier and don't know how to enter these losses (i.e., on which screen).  I have been using an accountant to prepare my tax returns over the last decade and have only switched to TurboTax again for tax year 2022.  I need a way to input the losses manually one time, and then understand that they will automatically roll forward if I continue to use TurboTax next year.  Thanks for any assistance. 

[Anonymous_ · Accepted solution]

You can enter nonrecaptured Section 1231 losses in the Sale of Business Property section of the program (check the appropriate box).

Which version of TurboTax are you using?

[jnate1]

Thanks!  I am using TurboTax Premier (the desktop version).  Does that version have the Sale of Business Property section that you mentioned?

[Anonymous_]

Premier desktop will have all of the requisite forms, but I am not certain about that particular section.

That section does appear in my copy of Home & Business, however.