turbo tax does not use up my c corporation nol (net operating loss) why?

[blahblah_gc]

Hi 

Say, my c corp has a total of $100,000 nol thruout the past 5 yrs, why turbotax only applied $41,000 this yr?

thanks

[tagteam]

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.