For last tax year (2022), I used the CD/download version of TurboTax per recommendations from the community.
Questions:
- For this tax year (2023), should I continue to use the CD/Download version of TurboTax?
- If I should continue to use the CD/download version of TurboTax, can I get discount for the CD/download version of TurboTax, as MetLife program only provides free access to the online version?
Based on my research so far, I need to
- File schedule A on form 1045 to figure out net operating loss (NOL) of tax year 2022 to carryforward to tax year 2023., Alternatively, use pub 536 worksheet 1 to calculate the NOL to carryforward NOL (intuit.com)
- Report year 2023 trading gains and losses on Part II of Form 4797, Sales of Business Property.
Questions:
- Do I need to download form 1045 and do the calculation of NOL myself, or can Turbo tax do the calculation of NOL? Please send detailed instructions if possible.
- On form 8995 of tax year 2022, there is a net loss (pass-through entities losses?), can I also carryforward this loss to tax year 2023? If so, please provide instructions.
- Can I e-file? If I can e-file, do I need to mail a printed copy of the return along with form 1045 to the IRS? Any additional filing instructions that I need to follow?
