Thanks to all on this thread. In reading the publication from the thread it states:
"If you carry forward your NOL to a tax year after the NOL year, list your NOL deduction as a negative figure on the “Other income” line of Schedule 1 (Form 1040) or Form 1040-NR (line 8 for 2022). Estates and trusts, include an NOL deduction on Form 1041, line 15b, for 2022.
You must attach a statement that shows all the important facts about the NOL. Your statement should include a computation showing how you figured the NOL deduction. If you deduct more than one NOL in the same year, your statement must cover each of them."
I can enter the NOL carry over on Schedule 1 however form 1041 does not appear to be in the TT library of forms showing the computation. Can I not use TT to file this year because of this condition?
Thank you again!
