I'm trying to carry the NOL forward from 2014 to 2015.
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I'm assuming that on your 2014 return you made a positive election to forgo the carryback period and only carry the loss forward. I'm also assuming that you had an NOL (e.g., your loss wasn't offset by other positive income.)
If so, NOL's don't go on Schedule F (or Schedule C.) Instead, an NOL from any source is reported on Page 1 of your Form 1040 on line 21 as a negative amount.
You can put it there manually in forms mode with the desktop version, or type "Net Operating Loss" in the find box to get to the correct area. Turbotax does not automatically compute them. You need to do the computation manually outside of Turbotax, and then enter it.
I'm assuming that on your 2014 return you made a positive election to forgo the carryback period and only carry the loss forward. I'm also assuming that you had an NOL (e.g., your loss wasn't offset by other positive income.)
If so, NOL's don't go on Schedule F (or Schedule C.) Instead, an NOL from any source is reported on Page 1 of your Form 1040 on line 21 as a negative amount.
You can put it there manually in forms mode with the desktop version, or type "Net Operating Loss" in the find box to get to the correct area. Turbotax does not automatically compute them. You need to do the computation manually outside of Turbotax, and then enter it.
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