I am completing my S Corp 2022 taxes using TurboTax Business 2022 desktop version.
I have a NOL for 2021 in the amount of $5,840. My state is California, when I run the review while in the "State Taxes" section to check for errors it keeps giving me: Expired Net Operating Loss error "You have a prior year NOL listed on your form 3805Q, Part II, Line 2. Please review form 3805Q and remove any prior year Net operating losses that have expired."
I read in the user forums that NOL's can be carried forward 20 years.
Why am I getting this error?
What should I do to fix the error message?
Should I just ignore the error?
Please help!
