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How do I recognize Net Operating Losses from 2018 and 2019 on my 2020 TurboTax 1040 filing.
I note that my TurboTax software carried forward Net Operating Losses from 2018 and 2019 on forms 8995 for those two years. Following the Step-by-step program guide, the cumulative NOLs for 2018 and 2019 can be applied to the 2020 tax return. However, I can find no provision how to gross up the 2018 and 2019 NOL's, add an NOL generated in 2020 and carry the total forward for use in future years. Help please.
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‎July 14, 2021
5:18 PM