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Get your taxes done using TurboTax
Hi maglib,
Thanks for the info. I did use TurboTax last year and after some research and rechecking the 2023 return (created by TurboTax), it looks like California Form 3805V (for NOL) was not automatically prepared by TurboTax. I needed to identify this additional form in order to have TurboTax fill it out.
I made a copy of my 2023 return and had TurboTax prepare form 3805V to see if everything will work out BUT it looks like the "Final Year Deductions" on line 11-c (on a K-1 I received) still did not get carry forward.
As of right now, it looks like I need to figure out why K-1 line 11c does not show up as a loss carryforward and, after I figure that out, I need to amend the 2023 return to include form 3805V.
I really appreciate all your help and hopefully someone at TurboTax can tell me why the NOL is not carrying forward for CA state.