turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

turbo tax business desktop net operating loss does not get updated

Hi 

Is it a bug in turbo tax business desktop? the works sheet at the end of shows some NOL number but once hit continue on the page, the main page still shows 0. Is it a bug in the business desktop? What did I miss?

 

thanks

Connect with an expert
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.

3 Replies

turbo tax business desktop net operating loss does not get updated

I fixed it by removing the negative sign. Its a loss so I thought I should put -12345 etc . The tool should've told the user NOT to put the negative number .

turbo tax business desktop net operating loss does not get updated

what type of business? S-corps and partnerships do not have NOLs (except possibly for state purposes where there's a separate income tax at the entity level). for them, NOLs only exist at the individual taxpayer level. 

turbo tax business desktop net operating loss does not get updated

C corp. turns out I just need to remove the '-' and leave a positive number there. Wish turbotax can provide more info to users.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies