You'll need to sign in or create an account to connect with an expert.
Did you use TurboTax last year and then have it bring forward the information from your last years return? If so, then yes, it should correctly calculate the NOL carryforward. However, it is always a good idea to double check your numbers from last years form to this years form.
Unless something has changed in the last few years, TurboTax does not do anything automatically with NOLs. It does not calculate them or automatically carry them forward.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
sparkash28
New Member
Badjiannr
Level 2
Tatianapretty1
New Member
DAJ2500
Returning Member
carlyd427
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.