MaryK4
Expert Alumni

Business & farm

If the loss is this year, the Net Operating Loss will be calculated by TurboTax and will usually be a negative AGI for the year- but there will also be a Worksheet that will show the calculation.  If you use TurboTax next year, it will automatically transfer it to the 2020 tax return.

 

If you have a Carryover from another year to add, look under Other Tax Situations.

 

@Anonymous

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"