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Determining NOL for 2024
We have had business losses for the last couple of years. I have attempted to follow the IRS pub 536 and it is very daunting, so I gave up last year, but thought maybe I should investigate it this year. Where can I find the information they are requesting in my records? I'm not sure this is even worth the time to try to complete the form. After I told TT that I did have an NOL, the next screen said I could "carry it forward to 2024". So, please advise ... will whatever the amount is carry forward next year? or do I need to try to complete the worksheet? and if yes, where do I find the information, and then what do I do with it? Thank you.
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‎April 21, 2024
12:42 PM