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April 25, 2024
Question

ABIL

  • April 25, 2024
  • 1 reply
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I have a ABIL for 2023 but I don't want to deduct all of it this year, can I just apply some of it and carry forward the rest?

and if so, how do I do this within Turbo Tax

1 reply

TurboTaxSusan
April 25, 2024

Are you using TurboTax CD/Download or TurboTax Online?

April 25, 2024

I am using turbo tax online. Should it matter?

TurboTaxSusan
April 25, 2024

No. If your ABIL is being entirely used to lower your Net Income, then you can't choose to carry part of it forward.