turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I need to modify my 2017 because I did not realize I could write off my house fire. It says I am due a refund now. Do I have to roll this over into a NOL for 2018?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Anonymous
Not applicable

I need to modify my 2017 because I did not realize I could write off my house fire. It says I am due a refund now. Do I have to roll this over into a NOL for 2018?

you'll need to complete schedule A of form 1045 to see if you have an NOL. line 6 on the form would include most itemized deductions except those business related and casualty and theft losses resulting from a federally declared disaster

also if line 1 is positive it is most unlikely you have an NOL.    line 1 will be positive when adjusted gross income exceeds itemized deductions 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question