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Level 1
January 24, 2020
Question

How do I put my NOL carryforward in the 2019 version?

  • January 24, 2020
  • 1 reply
  • 8 views
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1 reply

Level 15
January 24, 2020
  • Do a Search (upper right) and enter "net operating loss" (without the double quotes)
  • Click on the "jump to" result
  • Enter your NOL on the screen that appears.

 

Note, if you did your taxes last year with TurboTax and generated an NOL carryover, then in many cases, TurboTax will carryover the NOL automatically to the next year. Check for this in case it appears that your NOL carryover is being double-entered in your 2019 tax return.

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Level 15
January 24, 2020

If for some reason you cannot locate the NOL entry screen using a search, take a look at the screenshot below. Also, although it is a good idea to check all transfers from previous years, I have yet to see a test return I have prepared transfer an NOL into the following year's return; you need to calculate and enter the NOL manually.

 

Level 2
February 8, 2021

im having trouble determining what my carryover to 2020 will be  yes i have 536