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Level 1

How do I reduce this year's net capital gains using a capital loss carried forward from a previous year, in TurboTax Business Incorporated (2018)?

I am using TurboTax Business Incorporated (2018). The corporation has net capital losses carried forward from previous years (already entered on Schedule 4, line 200). How do I reduce this year's net capital gains using this capital loss carried forward? It seems like line 225 on schedule 4 is the right place, but that field seems to want to be calculated (or filled in from somewhere else) by TurboTax; I can't find where line 225 gets filled in from.

1 Reply
Level 1

How do I reduce this year's net capital gains using a capital loss carried forward from a previous year, in TurboTax Business Incorporated (2018)?

Hello,

We would require to see the return for more guidance, please contact our support at 1-866-438-8020 thank you.