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Business & farm
Well, your statement regarding "or should I forget about Turbo Tax and just keep paying a CPA to do my taxes" is the single most intelligent thing I have seen in these comments. Turbo Tax did absolutely NOTHING but keep referencing "UPGRADE TO..." with every question I posed with regards to NOL. Turbo Tax CANNOT figure and does NOT carry forward the NOL. I use TT Business for my LLC (taxed as a partnership with two members which Turbo Tax says you can't do but when you read the IRS publications, IT CAN BE DONE). I generate K1's and then use Deluxe to file my personal taxes. I do not have any other income, not stocks or anything else and Turbo Tax's EPERTS still insist I upgrade to Premium, or whatever. You must figure out the NOL yourself using the worksheet from Pub 536. I believe you can also figure out the QBI with that Publication as well but don't quote me on that. It is a pain in the butt, but it is do-able. I only read the publication a dozen times and did the worksheet a couple times until it made sense. Because of their "EXPERTS" and the "You need to UPGRADE" crap, this is my LAST YEAR with Turbo Tax. I am pretty fed up. Cost me $300 bucks AND 3 weeks of precious time (I also had a number of issues with software bugs - Deluxe 2020 would not talk with 2021, Business 2021 kept trying to open Deluxe 2020 and 2021 files, and NONE of their "Tech Experts" could figure that out either. ) Spend the money, do the leg work and have a CPA do your business taxes or move to H& R Block like I will next year. Keep working on your returns. You can figure it out with the Pub 536, but it takes patience. If you have anymore questions, Ill try to answer as best I can. I am NOT and EXPERT, but I was able to do it. Best of Luck.