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After you file
I have TT Deluxe 2019 and I understand that it will not calculate NOLs. I had an AGI of -$62,000 with the loss from a K-1 LLC. I took the standard of $27,000. Without pulling my hair out trying to figure out f1045, can I use $35,000 as my NOL. I attached a letter to last years return stating that I waived the carry back. I have little income other that Social Security and would like to determine what portion of an IRA I can withdraw not to lose this years deduction. I bought TT 2020 but it is basically non functional at this point (Dec 2020)
‎December 8, 2020
4:31 PM