Form 8582 Prior year unallowed losses

J257
J257 Member Posts: 1 Newcomer
in Income

Hi I was not using freetaxusa last year and I had carryover losses from last year…how do I populate this number in this year's filing? I had the form populated but just the prior year's number I can't figure out where to enter it.

TIA

Comments

  • Taylor
    Taylor FreeTaxUSA Agent Posts: 71 image
    edited April 1

    Hello J257,

    If you have a Capital Loss Carryover from investment sales that couldn't fully be deducted on your prior years, this can be entered in the software under:

    Income > Common Income > Capital Loss Carryovers from Last Year

    image.png

    The worksheet to calculate this amount will also be available on that screen.

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