Prior Year Passive Loss Carryovers

Tiffany Costigan

Hello!

I could use some help with the following please:

I am preparing a 2024 individual return in Proseries, I did not prepare the 2023 return. The taxpayer has prior year passive loss carryovers from partnership K-1's for several states. When I am working in the individual states, I do not see anywhere to enter the carryover losses. Am I missing it or is this something that needs to be tracked separately?

Thank you.

sjrcpa

What states?

Are the amounts the same as federal?

The more I know the more I don’t know.

Tiffany Costigan

There are about 15 different states. I’m not in my software at the moment. A few states are Arkansas, Georgia, and Indiana. No, the amounts are not the same as federal.
I have the federal carryovers inputed, but the state carryover amounts are different.

Terry53029

I believe you will have a carryover worksheet for each state. When in a state return click on the green question mark "Where do I enter?"

Tiffany Costigan

Thank you Terry. It looks like some states do have a carryover worksheet and others do not. I appreciate your time.