Net operating Loss carry back waiver in TT homeland business

[Surly L]

I have a schedule F net operating loss  for 2023. Everything I’ve read says I need to attach a waiver of carryback for farm losses.

1)Will Turbo Tax home and business do that for me and if so, how do I do it?  

2) Will TT keep track of this  for the future?

[Mike9241]

do you really have a loss that can be carried back? other income and deductions must be taken into account

NOL Offset with Non-Farm Income

if you have other income which is equal to or greater than the current year’s Schedule F farm loss, then the farm loss is allowed in full and there is no NOL. Other income could include gains from the sale of breeding livestock, culled breeding livestock, other business assets or non-business assets. Other income could also include salary and wages from off-farm employment.

Turbotax does not calculate NOL. you would need to use form 1045 schedule A or

 IRS PUB 536

https://www.irs.gov/pub/irs-pdf/p536.pdf 

Turbotax does have the NOL waiver statement.