I am confused how a an unused 2017 NOL is carryforward. In 2018 all of the NOL showed up on line 21 of schedule 1. Not all of it was needed. Together with other passive losses and Capital loss the, line 22 on Schedule 1 was (146,034), which flowed through line 6 of 1040, making my AGI on line 7 (92101). What are the steps to properly carry this unused NOL to 2019?
for now I manually entered the unused NOL carryforward in the business sectionIn 2019 and it moves to 1040 7a as a negative number, after the income is subtracted, line 7b shows a negative agi. How do I move unused 2017 NOL to 2020?
I don't understand if all the NOLs show up on Schedule 1 does it meant they are all being used up even if I don't need them? I should be able to carryforward for 20 years untli needed. In 2017, I did file and submited the Election to forego the carryback period of the NOL.
Even if I use the workseet 2 in publication 536 and it gives me how much I can carry forward, how tod I make that happen in Turbo tax. I have read this so many time, i am getting confused. When all th eNOLs show up does it mean they are all being used up or that is the normal process. Please provide step by step process to properly enter NOL in TT.
Thank you
