kwyp
Level 4

Does a return (such as 1040 return) has a federal carryover worksheet (summary) with Proconnect that you can find out all the carryover loss and carryover credit that can be used in the coming year? 

I summarize the carryover loss with the forms:

1.) Sch D, loss on line 15 prior year needs to carryover to current year line 6 and line14 

2.) Form 4797, loss on 4797 worksheet prior year needs to carryover to current year line8

3.) Form 8995, loss on line 17 prior year needs to carryover to current year line 3

4.) Form 8582, loss on line part IV (c) prior year needs to carryover to current year line 1(c)

5.) Net oprating loss on Sch C worksheet prior year needs to carryover to current year 

Carryover credits 

1.)  form 1116,prior year form 1116 sch B line3 column (XIV) needs to carryover to current year line10

2.). Form 5695, prior year line 16 needs to carryover to current year line 12

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