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Section 1231 Carryovers

Level 1

I have a new client this year who dissolved his business in 2019.  He has tax return carryovers to 2020 for 2019 Sec 1231 Losses subject to recapture rules (originating Form 4797) and total qualified business loss (Form 8995). Where do I enter this on the return? 


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2 Comments 2
Level 1

I am facing the same issue. Were you able to resolve this?

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Level 1

To enter non-recaptured Section 1231 Losses go to Form 4797 page 1, line 8. This will forward you to the "Carryover Worksheet" to enter the information.

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