Hello,
I've had a sole proprietor business (massage therapy) for 17 years, and in 2024 I had a business loss for the first time due to health reasons, moving, and having to set up a new practice in a new state.
I am using the desktop version of turbo tax, not the online version.
My question is that I don't know how to have that loss show up on my 2024 return as a net operating loss that carries forward into 2025.
On my Schedule 1 form 1040, line 3, the business loss is there. However, I don't see anything on my return that says I have a net operating loss that I can carry / am carrying forward. I'm not sure if I didn't click on the right yes/no answer when I started to fill out my return and I need to go back and unclick/change a box to ensure the loss is carried forward. Or, if there is a Tax Form that I need to fill out.
Any help on where on my return, or what Form I need to get and fill out, would be appreciated.
