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Get your taxes done using TurboTax
If you are referring to IRS Form 172, that form and the calculation of Net Operating Loss Carryovers are not supported by TurboTax.
If after completing your tax return you have a negative amount on Form 1040, line 15, and you had a loss from a business activity such as those reported on Schedules C, E, F, or resulting from dispositions on Form 4797, or sustained a casualty loss, you may have a Net Operating Loss (NOL). The program does not calculate the amount of NOL to be carried back or forward to another year. To determine your NOL, if any, refer to Form 172 (not included with this program). You will probably also benefit by reviewing IRS Publication 536 for details about the NOL calculation.
Please see this list of Unsupported Calculations and Situations in the 2024 TurboTax Individual Federal Tax Software Progra... for more information.
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