Question

Carryover loss 1256 contracts

I am futures trader, I have consecutive two years of loss. I need to carryover loss from 2018.

my account also has loss from 2019. how to cary forward consective year of loss.

would appreciate some guidance

If you used TurboTax last year, that loss should have been carried over. Here is how to enter it if it did not.

For the Federal Capital Loss Carryover you would go to:

Your losses will be allocated and then accumulate internal to the TurboTax program

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

Get answers to all your tax questions