Where do I enter a net operating loss carryover for my small business (there is no K-1)?

This is my first year using TurboTax. I own a personal small business and I had a net operating loss in 2023 to carryover to 2024. TurboTax asked me for my NOL carryover for my state taxes (California) but never asked about it for Federal, and it is not appearing anywhere in my federal return. There is no K-1 (which is what keeps coming up when I try to search for this issue). I cannot find anywhere to enter this NOL carryover so that it will also be applied to my federal taxes.

1266

Expert Alumni

Apr 3, 2025 8:08:34 AM

Net Operating Loss Carryover from 2023 may be found in TurboTax Online by following these steps:

Enter 'NOL' in the search magnifying glass in the upper right hand corner of the screen.

Select 'Jump to NOL'.

Net Operating Loss Carryover from 2023 may be found in TurboTax Desktop by following these steps:

Select Federal Taxes across the top of the screen.
Select Wages & Income across the top of the screen.
Select I'll choose what I work on.
Scroll down to Business Items.
Click to the right of Business Deductions and Credits.
Click to the right of Business Loss Carryovers (NOLs, QB).

See this TurboTax Help.

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Where do I enter a net operating loss carryover for my small business (there is no K-1)?