- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
@murp736 There are certain situations reported under 'Special Situations' (screenshot).
If TurboTax filled in an amount for you there, it may have come from a K-1 entry. If you are using the desktop product, you can drill down from the entry in the 'Carryovers to 2020 Smart Worksheet' section of Schedule C for the data source.
Otherwise, you are correct that a NOL would would show under 'Less Common Business Situations'.
Click this link for detailed info about NOL Carryovers.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 2, 2021
1:38 PM