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I have a NOL for my business (single member LLC), first time in this year (2018). How do I report it using TurboTax?

 
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MarilynG
Expert Alumni

I have a NOL for my business (single member LLC), first time in this year (2018). How do I report it using TurboTax?

If you have a loss on your Schedule C, TurboTax will automatically calculate whether you can take the entire loss, or carry forward a NOL to 2019. 

When you download or print your return, you will see a Carryover Worksheet with an amount that will be carried over to 2019. 

Here's more info:

https://ttlc.intuit.com/replies/6504079

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