How to enter Section 1231 loss carryovers in ProConnect Tax

Follow these steps for individual returns:

1. Go to Input Return ⮕ Income ⮕ Dispositions
2. Select the Schedule D/4797/etc tab.
3. Select the Carryovers/Misc Info link in the upper right.
4. Scroll down to the Form 4797 section.
5. In the subsection Net Section 1231 Losses, enter the 1231 losses in the appropriate field for the prior year(s).

Follow these steps for corporate returns:

1. Go to Input Return ⮕ Income ⮕ Dispositions (Sch D, etc)
2. Select the Carryovers/Misc Info link in the upper right.
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).

Follow these steps for fiduciary returns:

1. Go to Input Return ⮕ Income ⮕ Dispositions
2. Select the Schedule D/4797/etc tab.
3. Select the Carryovers/Misc Info link in the upper right.
4. Select the Form 4797, 4684, 6781 tab.
5. In the subsection Net Section 1231 Losses, enter the 1231 losses in the appropriate field for the prior year(s).

Follow these steps for exempt returns:

1. Go to Input Return ⮕ Revenue ⮕ Dispositions
2. Select the Misc (C/O, CGD, etc) link in the upper right.
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).