https://ttlc.intuit.com/community/taxes/discussion/carryback-losses/01/1725817#M612799 <P>Can a loss in form 4797,2019 be carryback to 2018</P> Mon, 28 Sep 2020 20:19:06 GMT Liz Lissin 2020-09-28T20:19:06Z https://ttlc.intuit.com/community/taxes/discussion/carryback-losses/01/1725817#M612799 <P>Can a loss in form 4797,2019 be carryback to 2018</P> Mon, 28 Sep 2020 20:19:06 GMT https://ttlc.intuit.com/community/taxes/discussion/carryback-losses/01/1725817#M612799 Liz Lissin 2020-09-28T20:19:06Z https://ttlc.intuit.com/community/taxes/discussion/re-carryback-losses/01/1725846#M612801 <P>You can carry back net operating losses beginning in&nbsp;tax years 2018, 2019, and 2020 for five years.&nbsp;</P> <P>&nbsp;</P> <P>However, a loss on Form 4797 does not automatically generate a net operating loss (NOL).</P> <P>&nbsp;</P> <P>TurboTax does not calculate NOLs so you would have to do the calculation manually.</P> <P>&nbsp;</P> <P>See&nbsp;<A href="https://www.irs.gov/publications/p536#en_US_2019_publink1000177328" target="_blank">https://www.irs.gov/publications/p536#en_US_2019_publink1000177328</A></P> Mon, 28 Sep 2020 21:52:11 GMT https://ttlc.intuit.com/community/taxes/discussion/re-carryback-losses/01/1725846#M612801 Anonymous_ 2020-09-28T21:52:11Z