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Self employed
You need to figure your NOL manually as TurboTax does not do it for you.
See https://www.irs.gov/publications/p536#en_US_2023_publink1000177329
Use the worksheet in IRS Publication 536:
https://www.irs.gov/publications/p536#en_US_2023_publink100097938
Note that once you have figured your NOL you will have to enter it into TurboTax manually; TurboTax neither calculates NOLs nor does the program carry NOLs forward or backward.
‎August 4, 2024
7:17 AM