Question 1: NOL is out of scope for the program.
From Situations Not Supported by Turbo Tax
Net Operating Loss: If after completing your tax return you have a negative amount on Form 1040, line 7, 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 1045, Schedule A (not included with this program). Also refer to IRS Publication 536 for details about the NOL calculation.
Question 2: yes but I would recommend pub 536.
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