GeorgeM777
Expert Alumni

Deductions & credits

No, you will need to calculate your NOL and then enter into TurboTax.  Although, because your NOL occurred in 2021, you will carry it forward (the part of your loss you cannot use in 2021) to tax year 2022.  When preparing your 2022 tax return, you can go to Income & Expenses in TurboTax online.  Scroll down the page to Other Business Situations, and select Net Operating Loss/QBI Carryforward Loss.  

 

@Spires34

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"