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Business & farm
All schedule c.
A net loss on Schedule C can be used to offset all other types of income.
The loss can also create an NOL if it exceeds the total of all of your other income.
As such, there is no carryover. If you have an NOL, you need to calculate it manually as TurboTax does not do so automatically.
See https://www.irs.gov/publications/p536#en_US_2023_publink1000177329
‎September 30, 2024
10:20 AM