Can I enter a number into line 54950 "Total loss when loss is a restricted farm loss."?

No, you cannot enter a restricted farm loss into line 54950. Restricted farm losses will be claimed on line 25200 of your income tax return.

 

In TurboTax Online:

1. Select Find (or the magnifying glass icon) from the TurboTax menu.
2. In the Find window, type Farming/Fishing Loss Carryforward and select Go.
3. Enter the amount of the loss, then select Continue.

For further information regarding restricted farm losses, please visit our TurboTax article: Understanding Farm Losses

 

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