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Level 2
July 8, 2020
Question

What amount to enter for NOL

  • July 8, 2020
  • 1 reply
  • 3 views

Where from my 2018 1040 will I get the amount for my 2018 NOL to enter on my 2019 1040 ?

    1 reply

    Level 15
    July 8, 2020

    You need to calculate your NOL.

     

    See https://www.irs.gov/publications/p536#en_US_2019_publink1000177330

     

    TurboTax does not support calculating an NOL.

    ybanagAuthor
    Level 2
    July 8, 2020

    I already calculated my NOL  for 2017 and am just carrying forward the balance through the years.
    I used my Adjusted Gross Income (negative amount)  last time, just wanted to make sure it is correct.

    Level 15
    July 8, 2020

    This is still not clear. Did you actually calculate your NOL or are you only using your AGI?

     

    The amount of your negative AGI is not necessarily your NOL.