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Employee
May 10, 2024
Question

SECTION 465(d) CARRYOVER 2022

  • May 10, 2024
  • 1 reply
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Hi,

I got $7,858 carry over in my 2022 turbo tax.  Where can I find $7858 in 2021?

 

Thanks

    1 reply

    May 10, 2024

    465 deal with the limitation of deductions for losses when not at-risk. the at-risk amount is computed on form 6198. it does not show the c/o rather it's line 5 less line 21.  however, in Turbotax the activity that has the at-risk limit should have a section showing it. it could be a worksheet for schedule e, or even one for a k-1.