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Business & farm
TurboTax does have a Federal Carryover worksheet which has an NOL carryover and AMT NOL carryover field (line 14). However, mine is blank and when I spoke to someone from turbotax they said because my at risk amount is greater than my loss on my LLC partnership I can't carry over the loss. It has to be taken in 1 year even though it's way larger than my income, my AGI, even when I fill out worksheet 1 and 3 from Pub 536 it looks like I should have over a $22,000 NOL carryover. This is all very confusing. Can anyone help with this??
‎June 28, 2020
1:22 AM