NOL Carryforward from 2015
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

NOL Carryforward from 2015

I had a $142K NOL carryforward from my 2015 return.  Where and how do I reflect that on my 2016 return?
1 Reply
Level 15
Level 15

NOL Carryforward from 2015

Here's how to enter an NOL carryforward from 2015.

  • Click the Federal Taxes tab.
  • Click Wages & Income.
  • Click "I'll choose what I work on" or "Jump to a full list."
  • On the screen "Your 2016 Income Summary," scroll down to the "Business Items" section.
  • Click the Start, Update, or Revisit button for "Business Deductions and Credits."
  • On the "Business Deductions and Credits" screen click the Start, Update, or Revisit button for "Net Operating Loss."

Dynamic Ads
v
Privacy Settings