Will I need to amend 2016 filing also? Details follow. And THANKS for the assist.
2016 Was the first year I began using TT so the mistake is probably mine assuming that TT would progress the NOL from year to year. I did execute a 172 to Forego the Carryback as there was nothing for it to be applied to.
The NOL originated in 2006 and has been applied to all years up to 2016 where it appears that it was only applied to the Adjusted Gross Income and then went AOL.
The loss was entered as a NOL on line 21 of the 1040 and line 14a NOL of the Federal Carryover Worksheet under 2015.
Then it was combined to the loss for 2016 and placed on the 1040 lines 22, 37,38 and line 5 Adjusted Gross Income of the Federal Carryover Worksheet under 2016 instead of line 14a NOL.
It was then combined with the deductions on line 40, then placed the sum on line 41and reflected on line 1 of the Capitol Loss Carryforward worksheet.
In 2017 I can find no reference to the loss with the exception of the Tax History Report under Total Income and Adjusted Gross Income.
