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.
What states?
Are the amounts the same as federal?
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.
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?"
Thank you Terry. It looks like some states do have a carryover worksheet and others do not. I appreciate your time.
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