turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I have a nol that started in 2017 and was used in 2018, Data entered for 2019 it is showing 0.00 capital loss for 2019. What am I doing wrong.

I still have $225,886 of carryover net operating loss.  How can I get the loss for 2019.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

I have a nol that started in 2017 and was used in 2018, Data entered for 2019 it is showing 0.00 capital loss for 2019. What am I doing wrong.

A capital loss is different than an Net Operating Loss (NOL).  Which did you have?

 

If you have a carryover Net Operating Loss, TurboTax does not calculate that or carry it over.  You need to manually calculate and manually enter the carryover NOL in the program.

DawnC
Employee Tax Expert

I have a nol that started in 2017 and was used in 2018, Data entered for 2019 it is showing 0.00 capital loss for 2019. What am I doing wrong.

If you determine that you have an NOL carryover to enter in TurboTax, you can type NOL in the search bar and use the Jump to NOL link to enter the amount you calculated.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question