1231 loss

[Phillip]

1231 loss shows up on the screen how can we deduct it or carry back or carry forward

[Roland Slugg]

Your tax prep software should handle it correctly.

If you don't know where a §1231 loss gets reported, how do you know you really have a §1231 loss in the first place. A loss like that doesn't just "show up" unexpectedly. It's the result of the sale, at a loss, of business property.