After you file


@SoePaing wrote:

I am puzzled as to which one to use. Do I use Schedule A, which is already done by TurboTax? Or do I use the Worksheet 1 in Publication 536, which seems to be the IRS's way of calculating NOL?


Schedule A on Form 1045 is not included in TurboTax. You are most likely seeing Schedule A (1040), which is the form for itemized deductions.

 

Regardless, Schedule A (Form 1045) is exactly the same as Worksheet 1 in Publication 536. 

 

See Publication 536 (2021), Net Operating Losses (NOLs) for Individuals, Estates, and Trusts | Internal ...

 

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@SoePaing