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Net operating loss (NOL) carryover
I've used Turbotax Deluxe for many years and am using it for my 2022 return. Here's my question:
If I have a large loss on line 8 (1040SR) which causes the AGI, line 11, to be negative, will Turbotax automatically carry forward the 2022 negative AGI as a NOL (Schedule 1 line 8a) on my 2023 return (assuming schedule 1 doesn't change and using Turbotax Deluxe for 2023)??
If not, is there a way to manually enter the 2022 negative AGI as a NOL on the 2023 return??
Thanks, Nick
‎January 20, 2023
8:38 AM