Tax situations TurboTax does not handle includes NOL. Read IRS Publication 536 Net Operating Losses (NOLs)
Excess business losses for noncorporate taxpayers are limited for tax years 2021 through 2028. Generally, any disallowed loss is treated as an NOL carryover to later years. Also, excess business losses are now computed without regard to any deduction allowed under IRC section 172 or 199A and without regard to any deductions, gross income, or gains attributable to any trade or business of performing services as an employee. You can’t deduct net losses in excess of a threshold amount in the current year.
Be sure you are entering preliminary expenses for amortization and following the rules for when to deduct what. See Small Business and Self-Employed Tax Center
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