Unsupported Calculations and Situations in the 2024 TurboTax Individual Federal Tax Software Program
Net Operating Loss: 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.
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