topic Net Operating Loss in Deductions & credits

Net Operating Loss

Brad H1 — Tue, 24 Feb 2026 03:59:07 GMT

I am taking my NOL carryover of 48,785 on my 2022 return. I entered the loss when asked and Turbotax did the calculations to form 8995, schedule C, schedule 1 (1040), and the 1040. My QBI for 2022 was -9468. On schedule 1, line 3 It shows a business loss of 58253 (9468+48785) but then on line 8a and 9 it shows the carryover of 48785 again making line 10 come to -107,038. This transfers to my 1040 line 8 as -107,038 making my adjusted gross income a negative number. It seems to me that turbotax is giving the NOL carryover of -48,785 twice and I feel that I should remove this amount from line 8a on schedule 1. Is there a programing issue with Home and Business 2022? (download version)

Re: Net Operating Loss

Anonymous_ — Wed, 01 Mar 2023 16:09:19 GMT

Go through your return again carefully. I believe you might have an input error somewhere (or else your figures are not accurate).

I was unable to reproduce your issue when I plugged in the numbers you posted (see screenshot below) on a test return. Make sure you did not somehow input the NOL twice.

Re: Net Operating Loss

Cynthiad66 — Wed, 01 Mar 2023 16:25:09 GMT

Yes, you should remove the duplicated amount from Schedule 1. The goal is to have the correct numbers reported on the return. If deleting the amount does not work, come back to this forum for additional assistance.

Re: Net Operating Loss

Brad H1 — Wed, 01 Mar 2023 16:49:19 GMT

I only entered the NOL once during the easy step process. On my form it added the loss to the Schedule C as other operating expense (Section 465(d) carryover) making line 3 on the worksheet -58,253 and showed the loss on line 8a as well. I have tried to remove it from either schedule 1 or schedule C and it will not allow the change. I may need to show it on schedule1, part 2, line z as an adjustment to income with an explanation in order to correct the error.

Re: Net Operating Loss

Anonymous_ — Wed, 01 Mar 2023 17:22:25 GMT

@Brad H1 wrote:

I may need to show it on schedule1, part 2, line z as an adjustment to income with an explanation in order to correct the error.

That might ordinarily work but, unfortunately, TurboTax has not implemented Line 24z; there is no way to enter any kind of a figure on that line, not even with an override.

Re: Net Operating Loss

Brad H1 — Wed, 01 Mar 2023 18:08:20 GMT

you are correct, I can't fix it that way either. Now what am I going to do???

Re: Net Operating Loss

Brad H1 — Wed, 01 Mar 2023 18:09:52 GMT

Please see my additional posts. I need to find some way to remove or offset the double NOL entry

Re: Net Operating Loss

Anonymous_ — Wed, 01 Mar 2023 18:22:49 GMT

You entered the NOL manually, is that not correct?

Can you remove that manual entry?

Re: Net Operating Loss

Brad H1 — Wed, 01 Mar 2023 18:27:04 GMT

Im not sure how I did it but I got the duplicate off of the worksheet and my return looks to be correct now.

Thank you for the assistance!