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Returning Member
posted Oct 1, 2020 9:54:52 AM

Form 1139 NOL

Turbo Tax automatically fills out the 2019 Form 1139 for a NOL carryback, however, it does not look like the loss is carried back over the correct 2 preceding years according to the Tax History. The 5th preceding year is correct, but the 4th preceding year is still using the 5th preceding year Taxable income instead of the true 4th preceding year income. Also, Turbo Tax fills in the 3rd preceding year with the 4th preceding year Taxable income. Is this correct or does the form have a bug? 

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1 Best answer
Level 15
Oct 1, 2020 10:10:25 AM

If you are using TurboTax Business to file Form 1139 for a C corporation, you should contact Support if you are experiencing issues with the process. 

 

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

1 Replies
Level 15
Oct 1, 2020 10:10:25 AM

If you are using TurboTax Business to file Form 1139 for a C corporation, you should contact Support if you are experiencing issues with the process. 

 

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632