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Deductions & credits
I'm using Mac Desktop Deluxe.
If I upgrade to Home & Business (desktop), will TurboTax carry the correct amount over to the 1040? By entering my total NOL in the Federal Carryover Worksheet 14a in the Deluxe version I am currently ending up with that whole amount on 1040 line 8, driving my income to a large negative number. Is that large negative number the correct behavior, or should only a portion of my total NOL show up on my 1040 so as to bring my tax liability to zero?
March 20, 2024
10:52 AM