in [Event] Ask the Experts: Investments: Stocks, Crypto, & More
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I should be able to carry back the NOL to 2014...how do I make Turbo Tax do this? I had approximately $100K NOL after all income, losses, deductions, etc. but TurboBax isn't doing the carryback.
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To apply the NOL Carryback to prior years, you will need to file amended returns for each of the last two years. Any remaining NOL will be carried forward for up to 20 years (or you can elect to carry the entire NOL forward).
See the links for amending prior returns here:
https://ttlc.intuit.com/replies/3288565
To apply the NOL Carryback to prior years, you will need to file amended returns for each of the last two years. Any remaining NOL will be carried forward for up to 20 years (or you can elect to carry the entire NOL forward).
See the links for amending prior returns here:
https://ttlc.intuit.com/replies/3288565
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