Carryover capture
NOLs, capital losses, AMT credits and passive activity carryovers, captured and ready to apply this year.
See what matters before you start.
Grove reads last year's return and surfaces the details you'll need (income sources, dependents, schedules, lapsed deductions) in one brief.
Prior-year brief
Reyes Martinez
Parsed from 2024-Return.pdf · 7 forms · CA resident · Filed Mar 14, 2025
Generated in
12s
Filing
MFJ
Standard $29,200 vs itemized $24,840 → standard chosen
Taxpayer
Carlos Reyes · age 42
Acme Corp · Software Engineer · since 2019
Spouse
Maria Martinez · age 40
UC Berkeley · Adjunct Faculty · 1099-NEC payee
Dependents (2)
Liam Reyes · age 8 · qualifying child · CTC eligible · attends Bright Horizons
Noa Reyes · age 5 · qualifying child · CTC eligible · $4,800 dep care expense
Noa Reyes · age 5 · qualifying child · CTC eligible · $4,800 dep care expense
Total income
$186,142
5.8% YoY
AGI
$184,250
6.2% YoY
Effective rate
14.8%
0.3pt YoY
Net refund
$3,412
ACH · Chase ****1234
Income sources
-
$162,400W-2 · Acme CorpBox 12 D · $22,500 401(k) · Box 12 W · $4,150 HSA · Box 14 · $1,820 RSU vested
-
$1,2431099-INT · Chase BankJoint savings · acct ****1234
-
$22,100Schedule E · 24 Maple Ln rentalNet after $4,200 depreciation · 95% rented · single-family
-
missing form1099-DIV · Vanguard brokerage2024 distribution: $1,820 · Not yet in 2025 uploads
DeductionsStandard $29,200
- Itemized total (not chosen)$24,840
- ↳ Mortgage interest (1098 Wells)$11,420
- ↳ SALT (capped at $10k)$10,000
- ↳ Charitable · cash + non-cash$3,420
Credits claimed$5,200 total
- Child tax credit · 2 kids$4,000
- Dependent care · Form 2441$1,200
- Saver's credit · phased out$0
- EITC · over income limit$0
Carryovers to 20253 to apply
- Capital loss$3,200
- AMT credit · Form 8801$480
- Passive activity loss · rental$1,840
- Charitable carryover$0
Estimated paymentsQ4 due Jan 15
- Q1 (Apr 15)$5,200
- Q2 (Jun 17)$5,200
- Q3 (Sep 16)$5,200
- Q4 (Jan 15)not paid
Watch list for 2025
3 items
- Vanguard 1099-DIV expected. Generated $1,820 in 2024 · not in 2025 uploads. Confirm account is still open with client.
- Q4 estimated payment ($5,200) unpaid. Due Jan 15. Reach out before deadline to confirm intent or adjust.
- Liam turns 17 in 2026. Will lose child tax credit eligibility, so plan for a $2,000 credit drop-off next year.
Drop in last year's PDF. Grove reads every form and surfaces what matters in seconds.
From last year's PDF to a useful brief in seconds.
01
Drop in last year's return.
PDF, .tax2024 export, or a pulled copy from any major prep platform. Nothing to retype.
02
Grove reads every form.
Wages, dependents, entities, schedules, carryovers and basis tracking are extracted line by line and reconciled.
03
You get the brief.
It shows income at a glance and year-over-year changes, and flags anything that needs a follow-up question.
Every detail you'd want to know before opening the file.
Entity inventory
Every income source from last year (W-2s, 1099s, Schedule C, Schedule E, K-1s, foreign accounts), listed and labeled.
Dependent & status snapshot
Filing status, ages, qualifying tests and education credits, surfaced for a quick eligibility check this year.
Auto-flag what changed
A new W-2, a missing 1099, an expired deduction or a lapsed estimated payment is flagged before you start prep.
One-click to source
Click any line and jump to the prior-year PDF page it came from. No more searching the file cabinet.
Side-by-side compare
Open the current draft alongside the prior-year return at any time. Every line ties to its match.
Common questions, answered.
Which prior-year file formats does Grove accept?
PDF 1040s and supporting schedules, plus direct imports from the major prep platforms (.tax2024, ProConnect, Lacerte, UltraTax CS, Drake). If you can produce a copy of last year's return, Grove can read it.
What if a client's prior year was prepared somewhere else?
That's the common case. Grove reads any PDF return, regardless of who prepared it. Most firms onboard returning-from-elsewhere clients by uploading the prior-year PDF.
Does Grove pull carryovers automatically?
Yes. NOL, capital loss, AMT credit, charitable carryover, passive activity, and basis tracking are all extracted and flagged for application this year. If a carryover is ambiguous, Grove asks rather than guesses.
How accurate is the extraction?
Every figure is tied to a specific source page and line: when you click a number in the brief, you see the PDF region it came from. Anything Grove isn't confident about is flagged for human review, not silently passed through.
Can I edit or override what Grove pulled?
Always. Every extracted value is editable, and overrides leave an audit trail. The prior-year brief is a starting point; your judgment is the final word.
Does the brief support all entity types?
Today: 1040, Schedule C, Schedule E, K-1 recipient briefs. 1120-S, 1065, and 1041 are on the near roadmap. Schedule a demo and we'll show you what's live.
Spend tax season reviewing, not retyping.
Grove reads what you already have. You take it from there.