turbo tax does not use up my c corporation nol (net operating loss) why?
You have to calculate the NOL manually, depending upon the circumstances.
Also note:
A corporation’s NOL is equal to the corporation’s deductions less gross income, modified as follows:
The NOL deduction is disallowed for an NOL carryback or carryover from another tax year.
The dividends-received deductions under IRC §243 and IRC §245 are computed without regard to the aggregate limitations that normally limit these deductions.
The deduction for foreign-derived intangible income is disallowed.
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.