MarilynG1
Expert Alumni

Business & farm

@datababe The Search area is at the upper right with a Magnifying Glass (screenshot).

 

Type 'nol' in the Search area, then click on 'Jump to nol'.

 

Enter the amount of your NOL carryover, and TurboTax will apply it to this year's return, and carry any unused amount over to next year. 

 

Click this link for more info on NOL Carryovers.

 

 

 

 

 

 

 

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rseago0806
Level 3

Business & farm

WRONG!!    The solution is the very last comment where a picture is shown of Home and Business.

rseago0806
Level 3
mikeasmel
Level 1

Business & farm

So I can use the Home and Business version of Turbo Tax and still enter the NOL from 2019?

ringobingo
Level 2

Business & farm

@mikeasmel 
I have the TT Premier.  Do search and jump to NOL and enter the amount 

mikeasmel
Level 1

Business & farm

hi, i have premier, did the search, but can't find the "Jump"....help! where is it? 

DawnC
Expert Alumni

Business & farm

Click in the search box, type nol (just those 3 lower case letters) and hit enter.   You should see a Jump to NOL link.  Use that and it will ask you about the carryovers.   @mikeasmel

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mikeasmel
Level 1

Business & farm

@DawnC  I do exactly what you say with TT Premier on Mac and I don't see "Jump to NOL" anywhere...ugh....help?

DawnC
Expert Alumni

Business & farm

What do you get when you search?   @mikeasmel    It may be a MAC issue but it should work in any version of the desktop, windows or mac.....

 

 

 

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DawnC
Expert Alumni

Business & farm

You can also find it in the Business Section - Under Less Common Business Situations.   @mikeasmel  and I edited the above post.  

 

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mikeasmel
Level 1

Business & farm

That doesn't show up on the Mac premier version that I have. Ugh!!!

mikeasmel
Level 1

Business & farm

Do I need to upgrade to Home and Business to enter in the Net Operating Loss? It is not an option in the Premier Version. 

IsabellaG
Expert Alumni

Business & farm

You should still be able to claim An NOL carryover in your TurboTax Premier for MAC. I am using TurboTax Premier for Windows, but the instructions should be the same.

  1. Go to Federal Taxes.
  2. Choose Wages and Income.
  3. Scroll to Business Items, the second to last category.
  4. Choose Business Deductions and Credit (START).
  5. Choose Start on Net Operating Loss.
  6. The next screen will show 2019 Net Operating Loss, and you can enter your carryover as a positive amount. 

 

 

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