kaymanalo
New Member

Business & farm

I have an individual NOL from 2014 when I was single. I elected to waive the carryback period on that return, so I did not file form 1045. In 2015 I married, and my income for 2015 and 2016 were also negative, but net positive combined with my husband's income.

For 2017 I had positive income, so I would like to apply some of the NOL from 2014 to this tax return. I want to confirm that not filing the 1045 form does not affect my ability to use the NOL carryforward, and that I need to use Schedule A of Form 1045 to determine the NOL amount, and the subsequent form on there to determine what to carryover to the 2018 tax return. I also want to confirm I do not need to fill out any other special forms not included in TurboTax to do so. Thank you!