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mariah235
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I believe I have a net operating loss (NOL) for 2018. How do I calculate this in Turbotax using the Self employed version to use as a deduction in future years?

 
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I believe I have a net operating loss (NOL) for 2018. How do I calculate this in Turbotax using the Self employed version to use as a deduction in future years?

TurboTax does not support the calculation of an NOL. You can follow the instructions at the IRS site below.

 

https://www.irs.gov/instructions/i1045#idm140680692270144

 

Note that the Tax Cuts and Jobs Act (TCJA) eliminated the option for most taxpayers to carry back a net operating loss (NOL); you can only carry it forward.

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