After I select "amend return" in TurboTax 2016, where do I go to enter the 2017 NOL carryback? When I choose Casualty loss, it appears I am entering a loss for 2016 rather the carryback for the loss from 2017.
This thread is totally useless.
WHAT needs to be done (conceptually) is laid out in the tax instructions (NOL Pub 536 and Form 1045 instructions).
HOW TTAX actually supports an NOL carryback is the actual question we all are asking. ALl TTAX seems to accept is a new loss -- wortheless in this situation.
BTW, nothing comes up in the search for NOL carryback in prior years, and the "Find" box is missing from 2017!! :(
Ok ... in the 2015 program you do enter NOL in the search box then jump to that section and enter the 2017 NOL carryback amount on the screen that says 2014 carryforward ... this will put the amount on line 21 of the form 1040 as needed.
Of course, since the 2015 tax year is closed for amended returns you really need to use the form 1045A to get the refund. I would seek local professional assistance in this matter.