Hello ,
I have 2 rental properties with NOLs starting all the way back from 2005 and accumulating up until the past 2-3 years. It appears over the past 2 years my NOLs are not being applied against my rental income. I was told that I should check and fix my NOL election so that the NOLs can be applied against my rental income in my 2024 and past returns. How do I make this election in my 2024 return ? I do not remember making an election in any of the prior years or being asked in TurboTax. I have been using TurboTax for over 20 years.
