Net operating loss (NOL) carryover

[monica110]

I have on line version for premier and I  input the K1 of my 2 business in my personal taxes 

this is why I have a NOL in my personal taxes

can you please let me know where do I put the amount to carryover?

[monica110]

this is what is in premier online version

[Mike9241]

Turbotax does not compute NOLs or NOL carryforwards. if you have an NOL from 2022 that gets entered on the 2023 carryover form. This assumes none of the businesses were passive activities.

if you have n NOL in 2023 there is no place to enter it so that Turbotax picks it up for 2024.

just because you have a business loss does not mean you have an NOL. other sources of income can wipe it out.

to compute NOL you need form 1045 schedule A or IRS PUB 536

[monica110]

you said : if you have an NOL from 2022 that gets entered on the 2023 carryover form. Can you please  tell me where gets entered the NOL amount in premier online? Can you take the screenshot please?

I looked everywhere but I don't see it

[monica110]

Sorry i meant desktop.

 if you have an NOL from 2022 that gets entered on the 2023 carryover form. Can you please  tell me where gets entered the NOL amount in premier desktop? Can you take the screenshot please?

[monica110]

Sorry i meant desktop.

 if you have an NOL from 2022 that gets entered on the 2023 carryover form. Can you please  tell me where gets entered the NOL amount in premier desktop? Can you take the screenshot please?

[DoninGA]

@Anonymous_ I still have my 2023 Premier edition installed.

[DoninGA]

@monica110 Enter NOL in the Search box located in the upper right of the program screen.  Click on Jump to NOL

This will take you to the following screen when using 2023 Premier desktop edition -