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March 6, 2022
Question

If i need to add 8895 information from 2019 when i did my return myself for a sole proprietorship how do i do it?

  • March 6, 2022
  • 1 reply
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how do i add business loss income from a previous year to show the carry over loss on my 2021 return

1 reply

PatriciaV
March 6, 2022

Prior year carryover losses are entered under your Schedule C business. Go to Federal >> Income >> Self-Employment and Update your business. Look for Final Details >> Special Situations. On this page, check the box for "I have at risk losses carrying over from 2020." and follow the prompts.

 

You should have this information on your return from last year. Be sure you didn't apply the 2019 losses to 2020 income, in which case you wouldn't have carryover losses from 2020.

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