Business & farm


@DianeW777 wrote:

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.


@DianeW777 

 

I have tried the NOL carryover from a 2020 return to a 2021 return in a test 1040 with Home & Business.

 

Although the AGI shows up as negative in the Carryover Worksheet, the NOL does not. Thus, I believe the NOL still needs to be calculated and entered into the program as an NOL Carryover.