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2024 NOL from Casualty Loss in federally declared disaster
I have a large casualty loss from Hurricane Helene. My large itemized deductions when taken against my small AGI would have created a large negative Taxable Income amount on line 15 of Form 1040, but turbotax placed a zero on that line. I have filed my return electronically, but how do I document the NOL carryforward. Do I file an amended return attaching Form 172, or just include form 172 in my 2025 return as I claim in the NOL in carryforward years?
March 26, 2025
2:51 PM