On my 2014 tax return, I reported 40K carryover loss from previous years. For 2015 & 2016, I didn't have any gain or losses so I forgot to report carryover losses. I didn't have gain or loss in 2017. Should I report the carryover loss (from my 2014 tax return) on 2017 return? How? Just use the 2014 loss figures? Thanks!
No, you should amend your 2015 and 2016 returns to take losses in those years. In 2017 if you choose to file this one before amending the earlier ones, you would have to enter a carryover loss minus the $6,000 you could have taken in those two prior years.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
