Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
Chent
New Member

How is it possible that my unused federal amount available to carry forward to a future year is way less than the amount that was brought forward from last year?

 
1 Best answer

Accepted Solutions

How is it possible that my unused federal amount available to carry forward to a future year is way less than the amount that was brought forward from last year?

Are you talking about tuition amounts? Any carry forwards from the previous year will be used to offset taxes payable this year. So the amount that will carry forward into next year may be reduced or even eliminated in certain cases.

View solution in original post

1 Reply

How is it possible that my unused federal amount available to carry forward to a future year is way less than the amount that was brought forward from last year?

Are you talking about tuition amounts? Any carry forwards from the previous year will be used to offset taxes payable this year. So the amount that will carry forward into next year may be reduced or even eliminated in certain cases.