topic How do I enter an NOL it on my tax return? in Business & farm

How do I enter an NOL it on my tax return?

bwbarbour-gmail- — Mon, 09 Mar 2026 08:33:17 GMT

The NOL started in 2019 and a portion was also used in 2020. There is still a remainder to use for 2021. How is is applied to TurboTax?

Re: How do I enter an NOL it on my tax return?

Anonymous_ — Wed, 09 Mar 2022 22:36:47 GMT

You have to enter the NOL into the program (of course, you have to calculate it first).

You should see Net Operating Loss/QBI Carryforward Loss in the program.

Re: How do I enter an NOL it on my tax return?

AliciaP1 — Wed, 09 Mar 2022 22:34:37 GMT

You can enter your NOLs in TurboTax Online by following these steps:

Within your Federal return, click on Income & Expenses at the top of the screen
Scroll down to Other Business Situations and click Show more
Choose Start on the line for Net Operating Loss/QBI Carryforward Loss and progress through the interview.

Re: How do I enter an NOL it on my tax return?

Mike0749 — Wed, 05 Apr 2023 20:24:22 GMT

When I click on "Business Income and Expenses" I get "How do you want to enter your business income" , there is no "other business situations" to scroll down to. What am I doing wrong?

Re: How do I enter an NOL it on my tax return?

Mike0749 — Wed, 05 Apr 2023 20:42:04 GMT

I found out that if you have a NOL from rentals (Schedule E), the NOL is entered as an "other miscellaneous expense" in the Expense Review for the rental.

Re: How do I enter an NOL it on my tax return?

Anonymous_ — Wed, 05 Apr 2023 20:45:25 GMT

Re: How do I enter an NOL it on my tax return?

George B4 — Thu, 23 Jan 2025 15:34:25 GMT

I am married filing jointly. The NOL carryforward is just for my wife's income. How can I do that?

Thank you!

Re: How do I enter an NOL it on my tax return?

RobertB4444 — Thu, 23 Jan 2025 16:45:19 GMT

You can't. If you file jointly then everything on the tax return is joint - including an NOL carryforward.

In order to separate the NOL you would have to file married filing separately.

@George B4