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Level 1
May 25, 2026
Question

I have a net operating loss to carryover from 2024. It appears the correct page for me to enter the 1099-B info is asking for investment information (I don´t have)?

  • May 25, 2026
  • 2 replies
  • 629 views
My 2024 return has Federal 1040 Net Operating Loss Worksheet and a negative Adjusted Gross Income. Is it possible to enter either of these to offset?

2 replies

M-MTax
Level 15
May 25, 2026

Yes, but you need to manually calculate your NOL and then enter it into the program manually.

Mike9241
Level 15
Level 15
May 25, 2026

For 2025, the IRS requires that Form 172 be included with your 1040. TurboTax does not support this form. You must do it manually and then attach it to your 1040, which must be mailed. 

172 

 

1099-B is capital gain/loss, which is completely different from a net operating loss.Tthe loss on Form 172 gets entered on Schedule 1, line 8a 

Mike9241