Entering capital gain and loss carryovers on an Individual return in ProSeries

Down below we'll briefly go over how to enter carryovers for capital gains and losses on an Individual (Form 1040) return in the program.

1. Open the clients Form 1040 return.
2. Press F6 to bring up Open Forms.
3. Type CO to highlight the Federal Carryover Worksheet.
4. Select OK to open the worksheets.
5. Depending on whether it is short-term and long-term, report the appropriate amount on the following line:
   • Short-term: Line 12
   • Long-term: Line 13
6. Any amounts still rolling over will auto-populate in the 2024 column.