ColeenD3
Expert Alumni

Business & farm

Please see this answer from BillM223.

  • Do a Search (upper right) and enter "net operating loss" (without the double quotes)
  • Click on the "jump to" result
  • Enter your NOL on the screen that appears.

 

Note, if you did your taxes last year with TurboTax and generated an NOL carryover, then in many cases, TurboTax will carryover the NOL automatically to the next year. Check for this in case it appears that your NOL carryover is being double-entered in your 2020 tax return.