The problem I'm encountering should be a simple one. During the step by step process if you answer "yes" to having a Net Operating Loss (NOL) there are no further questions. At this point turbotax generates the election form to forgo the carryback option and carryforward the NOL. Without any indication this was done. What I want to do is a carryback. Per the CARES act in early 2020 we can now carryback 5 years or forward indefinitely. Turbotax mentions the TCJA but that info is no longer valid thanks to the CARES act. I read posts that there was a question in previous versions after you indicate you have an NOL that asks if you want to carryforward or backwards. That's all I'm looking for is the choice to carryback and have the carryback election form generated so I can e-file my return.
Thank you for answering me. I hope this is an update/fix that can be implemented.
