topic I have a nol that started in 2017 and was used in 2018, Data entered for 2019 it is showing 0.00 capital loss for 2019. What am I doing wrong. in Business & farm

I have a nol that started in 2017 and was used in 2018, Data entered for 2019 it is showing 0.00 capital loss for 2019. What am I doing wrong.

georgeville4748 — Sun, 21 Jun 2020 22:34:17 GMT

I still have $225,886 of carryover net operating loss. How can I get the loss for 2019.

Re: I have a nol that started in 2017 and was used in 2018, Data entered for 2019 it is showing 0.00 capital loss for 2019. What am I doing wrong.

AmeliesUncle — Mon, 22 Jun 2020 00:29:28 GMT

A capital loss is different than an Net Operating Loss (NOL). Which did you have?

If you have a carryover Net Operating Loss, TurboTax does not calculate that or carry it over. You need to manually calculate and manually enter the carryover NOL in the program.

Re: I have a nol that started in 2017 and was used in 2018, Data entered for 2019 it is showing 0...

DawnC — Mon, 22 Jun 2020 01:20:48 GMT

If you determine that you have an NOL carryover to enter in TurboTax, you can type NOL in the search bar and use the Jump to NOL link to enter the amount you calculated.