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August 31, 2023
Question

2022 Taxes - [Report Carryovers - Regular Tax]

  • August 31, 2023
  • 1 reply
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I have prior year (2021) carryover losses that I am entering for 2022. In the [Report Carryovers - Regular Tax] section, there are two bolded fields... Box 1 - Ordinary Income and a Box 2a - Ordinary Income fields. Which field do I enter my carryover loss into? What is exactly the difference between the two fields?

1 reply

Employee
August 31, 2023

Which type of carryover losses are you trying to enter?

 

There are different sections of the program for different types of carryover losses. Further, most carryover losses will transfer in to the following year's return if you used TurboTax previously.

August 31, 2023

I am entering passive activity loss from the year before. I didn't use Turbotax to file last year so I am entering in the carryover manually.

 

@Anonymous_ 

Employee
August 31, 2023

Understood, but is the loss from a rental?

 

There is a section in the program where you can enter prior year losses.