dascpa
Level 12
11-30-2023
07:05 PM
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Capital loss carryovers from inherited real estate is not unusual. For example, if the property sold for it's step-up value then the loss is generated by the deductible closing costs (typically commissions). To enter a prior loss carryover into ProSeries go to the Carryover Worksheet. Scroll down and you'll see LT and ST, Regular and AMT.