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m-bloomfield
New Member

My wife's realtor business showed a loss of 14,000 last year.. can I use that this year, on the Net Operating Loss carryforward?

 
1 Reply
MinhT
Expert Alumni

My wife's realtor business showed a loss of 14,000 last year.. can I use that this year, on the Net Operating Loss carryforward?

If you had a Net Operating Loss (NOL) in 2015, you can carry it forward to 2016. You need to enter it in TurboTax.

To enter your carried-forward NOL in TurboTax, follow these steps:

  • Open your tax return and click Search on the top right on your screen
  • In the search box, type NOL
  • On the search result page, click on Jump to NOL
  • TurboTax will take you to a page where you can enter your carried forward NOL (see attached screenshot).
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