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tazzip123
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
rjs
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."

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