What really confused me was the fact the NOL is not reported in the year it is created. I kept trying to find a field to insert the prior year's NOL into the prior year's return so it would transfer to the current year return in TT. That field doesn't exist. The NOL year return is simply filed showing the zero or negative income and the NOL is then calculated and explained with an attachment when preparing the carry forward year return. This is not clear anywhere to the self-preparer, not in TT or in IRS pub 536. Once I had that figured out, everything else was easy.
