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How to enter Section 1231 loss carryovers in Lacerte

by Intuit Updated 1 year ago

Follow these steps:

  1. Go to the Dispositions screen:
    • Individual: Screen 17, Dispositions
    • Corporate: Screen 15, Dispositions (Schedule D, 4797, etc.)
    • Fiduciary: Screen 22, Dispositions
    • Exempt: Screen 24, Dispositions
  2. Either select the Carryovers/Misc button in the Dispositions (Schedule D, 4797, etc.) section, or select the blue Carryovers/Misc Info link in the left panel.
  3. Scroll down to the Form 4797 section.
  4. In the subsection Net Section 1231 Losses, enter the 1231 losses in the appropriate field for the prior year(s).
Lacerte Tax

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