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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?
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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."