Just a heads up. We have been using TurboTax Business for years. We did our 2023 Fed. and State returns and the numbers just didn't look right. After reviewing, it turned out TurboTax did not transfer our Net Operating Losses from previous years. It entered NOLs as $0. Other long turn deductions transferred and the amortization tables populated but not the NOLs.
3 hours with tech support determined this is a flaw in the software but it probably isn't going to get fixed this late in the season.
Check your returns. If you are not familiar with taxes and tax forms, spring to have an accountant look over your return with your last years return as a guide. Our error was over $100,000 of net losses from the pandemic that were not going to be carried over to future years as deductions at the state level.
