NOL ( Net Operating Loss) can be carried back one year and carried forward . That is the amount of loss more than the allowed $3000 for the current year can be carried back first and then carried forward. Once TurboTax recognizes that you have recognized the allowable NOL, the rest would be suspended ( you get to choose if you want to go back or just go forward ) and will be shown on federal carryover worksheet. So not to worry
