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.

snevah00
New Member

NOL - can I include NOL from 2019 on 2025 return?

Turbo Tax is telling me to delete an NOL from 2019 but California Franchise Tax Board says NOLs carry forward 10 (or 20) years. Why is Turbo Tax telling me to remove the 2019 NOL?

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.

1 Best answer

Accepted Solutions
M-MTax
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

NOL - can I include NOL from 2019 on 2025 return?

You can carry forward NOLs indefinitely, but you cannot skip years. 

 

Your 2019 NOL needs to be first applied to your 2020 return, recalculated and then applied to 2021, etc.

View solution in original post

1 Reply
M-MTax
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

NOL - can I include NOL from 2019 on 2025 return?

You can carry forward NOLs indefinitely, but you cannot skip years. 

 

Your 2019 NOL needs to be first applied to your 2020 return, recalculated and then applied to 2021, etc.

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