Net Operating Loss Carryforward by Turbo Tax
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cupidchan
Level 2

Net Operating Loss Carryforward by Turbo Tax

I noticed that there is a line for Net Operating Loss Carryforward. Since I used Turbox for my tax return for many years, I am wondering if TurboTax can pull my previous record and calculate this number for me automatically.. If this is not possible, how can I obtain this number manually?

3 Replies
tagteam
Level 15

Net Operating Loss Carryforward by Turbo Tax

TurboTax does not support the calculation of an NOL.

 

You can use the worksheet available at the IRS web site (link below) to figure your NOL.

 

https://www.irs.gov/publications/p536#en_US_2019_publink1000177330

cupidchan
Level 2

Net Operating Loss Carryforward by Turbo Tax

Thanks @tagteam do you know is there any way to request this feature? Since TurboTax got all of my previous years' return, it should be able to figure that out for me. 

tagteam
Level 15

Net Operating Loss Carryforward by Turbo Tax

The development team makes the ultimate decisions as to which features/enhancements are added based upon the perceived need.

 

Requests typically are not taken into consideration unless the demand is overwhelming.

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