DianeW777
Expert Alumni

Business & farm

It depends.  If it is a net operating loss (NOL) carryover you can report it as follows.

  • For TurboTax Online: Under Income and Expenses Scroll to Other Business Situations > Select Net Operating Loss/QBI Carryforward Loss
  • For TurboTax Desktop > Business Income and Expenses > Scroll to Less Common Business Situations section (click Start to the right of Net Operating Loss/QBI Carryforward Loss).

If it is a capital loss carryover you can enter it using the link below..

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