bs1865
New Member

Why isn't TurboTax carrying over my NOL from 2016 to 2017 to 2018?

I use TurboTax for my 2 S Corps and my 1 Partnership, as well as my family 1040, yet TurboTax didn't carry my 2016 NOL over to 2017 and again not this year, 2018?  Is this something they don't provide?  Or am I not doing it correct?

 

My NOL was reported on my K-1 for 2016 and another for a loss in 2017 on my K-1.  Both show for that year on my 1040, but the past year's excess NOL isn't carrying over.  Thanks for the help!

‎October 11, 2019 1:35 PM
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tagteam
Level 15
Level 15

Business & farm

I am not certain why the NOL did not carry over from the earlier year, but TurboTax does not really support the calculation of an NOL (you need to use the IRS worksheet for that).

 

Regardless, you can enter an NOL from a previous year into the program (see screenshot).

 

nol.png

‎October 11, 2019 3:20 PM
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