Calculation of Form 1040 Schedule 1 Line 8a

Turbotax software has put a loss on my Form 1040 Schedule 1, line 8a and it insists I give a detailed explanation of this loss but I have no idea how the software came up with that number. It doesn't match anything I input from my K-1's. Since I don't know how the software calculated the loss I cannot explain it.

26975

Employee Tax Expert

Jul 26, 2024 1:36:52 PM

Schedule 1, Line 8a is a Net Operating Loss (NOL).

Use the magnifying glass at the top of the screen and search for NOL. Then, click on the Jump to link. You will be taken to the 2022 Net Operating Loss screen. If incorrect, you can remove the NOL in the box and continue through your return.

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Calculation of Form 1040 Schedule 1 Line 8a