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Mtang78
Level 1

Where do we enter a NOL carryover - regular tax on our adult son's return? He has no income last year, but we want to preserve the NOL for future taxes.

Trust ended in 2017. Final return prepared by a CPA in 2018 for the Trust. I just don't know where to put this NOL carryover - regular tax.
1 Reply
Ashby
New Member

Where do we enter a NOL carryover - regular tax on our adult son's return? He has no income last year, but we want to preserve the NOL for future taxes.

 

The easiest way to find this section of TurboTax is to open your return and use the Search box at the top right side of the TurboTax header. Click on the magnifying glass, type in "nol carryforward", hit Enter, and click on "jump to nol carryforward" to go directly to beginning of this topic.

Enter the NOL as a positive number (see screenshot below).

 


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