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25300 not working in 2024 Standard Desktop version
The above link clearly outlines the use of line 25300 in the case where the taxpayer does not have pre-1985 loss records. My case.
However, when I double-click on line 25300, I am taken to a field in the Loss worksheet requiring a pre-1985 amount of unapplied losses! Why?? I cannot get past this roadblock. The best I can do as a workaround, is to enter the pre-1985 amount - but then I am only allowed to claim $2000.
In searching for related posts - one suggested clearing out the data and doing it again. I opened a new Tax return with no data, added a T5008 slip and tried to claim line 25300 and still had the same issue.
BTW - is this post getting through to TurboTax support? I cannot tell from the web site which does not make a method for raising a support issue clear.
What do I need to do to get a answer?