TurboTax does carry your NOL forward. You can see this in the Desktop products in the “Federal Carryover Worksheet” on Line 14. This same worksheet is available in the On-Line products.
Form 1040, Line 21 is input by the taxpayer and can be either a positive or negative number. The menu path for this input, in the Home and Business Desktop product is as follows: Personal>Personal Income>I’ll choose what I work on>Less Common Income>Miscellaneous Income>Start>Other Reportable Income>Start>Any Other Taxable Income?>[Yes]>Other Taxable Income, Description, Amount.
