Where do I enter Form 461, Limitation on Business Losses?
Menu Path: Income > Excess Business Loss
If you have large losses entered on your return you'll be able to enter information for Form 461 on the Excess Business Loss screen after you enter all of your income.
Form 461 Limitation on Business Losses disallows losses over $313,000 (or $626,000 if Married Filing Jointly) that aren't offset by income in 2025.
If you have large losses entered on your return you'll be able to enter information for Form 461 on the Excess Business Loss screen after you enter all of your income.
Form 461 Limitation on Business Losses disallows losses over $313,000 (or $626,000 if Married Filing Jointly) that aren't offset by income in 2025.
