ATX Form for carryovers

[Tracy Lee]

New TP has a worksheet that says ' Tax Return Carryovers to 2024'

The first column shows Disallowing Form, and it shows 1116 amt.  the description shows Passive inc C/O form 2014-2022 with all the individual amounts. 

I can not find this form in ATX to put those amounts in there to continue to carry forward, anyone know where this form is?

[Margaret CPA in OH]

Look on Form 1116 in the first tab, Pages & Worksheets.  Scroll down to Sch B (1116) - Credit Carryback/Carry forward and enter the data there. 

[mcb39]

Also, click on the amount of the refund or owed amount in the upper right corner of the screen.  It will bring up a form for tax information for the client and page 2 has all carry over amounts.

[schirallicpa]

Wow - I never knew that!

[Margaret CPA in OH]

Yes, I always use that Tax Summary and love the carryover information.  It has for AMT, Roth contributions, Foreign tax credit, and probably more than I recall at the moment.  I print it out on pdf or paper along with the  comparison for my clients. 

[Abby Normal]

33 minutes ago, Margaret CPA in OH said:

Yes, I always use that Tax Summary and love the carryover information.  It has for AMT, Roth contributions, Foreign tax credit, and probably more than I recall at the moment.  I print it out on pdf or paper along with the  comparison for my clients. 

It doesn't have all the carryover info on it but it's better than nothing.

[Tracy Lee]

I found the place to enter all the data, thank you, I'm grateful; however I can't seem to find the right worksheet to print that shows the data.   I chose 1116 under Federal Worksheets and check marked the Sch B-Cred Carry and AMT Sch B - Credit Carry but neither are populating. What am I missing or is there a different line item I should be checking to get this? This is the form I'm trying to create (in attachment).  I also, always, include the tax summary with my clients tax return.  I find it very useful!

Tax Return Carryovers to 2024.pdf

[BulldogTom]

On the top of the report there is a dropdown box.   Click the arrow and pick Passive.   Everything will be there.

Tom
Longview, TX

[Abby Normal]

ATX has carryovers for Sch D in the worksheets. Same for 8582 losses, foreign tax credit, contributions, PTP losses, etc. There's no one central place to see them all.

[G2R]

Exactly why I wish ATX would create a one-stop-shop location for all CF/CO -- Wolters Kluwer, if you're listening, this would be a really great addition and help alittle in justifying the large increase in software costs we get every year! 

 

[Abby Normal]

On 4/5/2025 at 11:39 AM, mcb39 said:

Also, click on the amount of the refund or owed amount in the upper right corner of the screen.  It will bring up a form for tax information for the client and page 2 has all carry over amounts.

That just takes you to the Tax Summary form, which, unless it's been seriously updated, does not have anywhere near all of the carryover amounts. I don't have any complex returns so I can't see what is and what is not included.