Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

carry forward loss

Vigmanpa
Level 1

Trying to recreate a 2023 tax return from another software. have issues with calculations.  don't know if proseries has the capabilities regarding At risk limitations(form 6198) passive and non passive activity loss limitations(8582) limitation on business losses(461)  Need this calculation to transfer to 2024 tax return.

 

0 Cheers
1 Comment 1
TaxGuyBill
Level 15

What is your question?  What calculations are you having issues with?

I think ProSeries does well with Passive carryovers and At-Risk calculations (but double check that At-Risk situation actually applies).  I could be wrong, but if I remember correctly, it does not deal with Excess Business Losses and you may need to do that manually.