Knowledge Base

10074: 1120 - Foreign Expropriation

1120 Corporation

What is the purpose of the "Foreign Expropriation" selection on the 8949 screen in an 1120 return?


Foreign expropriation capital losses cannot be carried back, but can be carried forward up to 10 years. Marking the Foreign Expropriation field on the 8949 screen indicates this restriction for a current year capital loss.

In view mode, the following items display the foreign expropriation carryover amounts: 

  • Attachment D
  • Wks Carry

Prior year amounts can be entered on the LOSS screen in the Foreign Expropriation Capital Losses section.  

See the Form 1120 Schedule D Instructions for details. 

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