Coleen3
Intuit Alumni

Business & farm

No, a Form 1045 is not used to carryforward an NOL.

An individual, estate, or trust files this form to apply for a quick tax refund resulting from:

  • The carryback of an NOL,
  • The carryback of an unused general business credit,
  • The carryback of a net section 1256 contracts loss, or
  • An overpayment of tax due to a claim of right adjustment under section 1341(b)

If you did your return in TurboTax last year, it will carry forward to Line 21, if you elected to forgo the carryback,