If you used TurboTax last year the NOL may have carried forward.
Look under the Business Tab
Scroll down to "Less Common Business Situations"
and scroll under that to
"Net Operating Loss/QBI Carryforward loss START
If no carry over is listed, you manually enter what you can/want to take on the current year return
Look at the "Carryover Worksheet" for 2023. It may not have printed with your tax file since it is a worksheet, not a tax form.
If you didn't print it, so back to your tax returns and documents, and select to print worksheets.
It will be reported on that worksheet line 14a.
- ONLINE:
- Open the return by selecting "Add a State"
- Select "Tax Tools" left side bar) and "Print Center"
- Select "Print, save, or preview this year's return"
- Check the boxes for your Federal and State returns (this will open further options)
- Choose to include the government and TurboTax worksheets
- Then click "View or Print Forms".
If you have Desktop, you can print just the single worksheet using Forms Mode (top right)
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