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Get your taxes done using TurboTax
Thank you for the response. However, I did not have any business activity in 2024 so I cannot use the QBI loss as a carryover. That's why I am trying to figure if I had an NOL in 2023 which I believe TurboTax does not calculate for me. I think that I just need to fill out Worksheet 1 from Pub 536 to figure the amount of the NOL, but I am not sure if I was supposed to report this NOL on my 2023 tax return or if I just report it as a carryover on my 2024 return. If I needed to report it on 2023 then I assume I will need to submit an amendment for schedule 1?
‎February 13, 2025
5:59 AM