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Level 2
posted Jun 3, 2019 11:54:52 AM

How to verify a carryover loss is input on SchdC, ln 6?

 I do not see the Schedule C within the "Preview my 1040".  I want to verify that the 2017 carryover loss is included on line 6. [I used TurboTax the previous year, but do not want to assume it is automatically transferred.] 

PS. If it's not there, should I include it in the "other" business input section as a negative number? 

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1 Best answer
Expert Alumni
Jun 3, 2019 11:54:53 AM

A Net Operating Loss (NOL) carryforward would be shown as an "Adjustment to Income" on Schedule 1, line 21 of your return.  It will not be shown on Schedule C.

1 Replies
Expert Alumni
Jun 3, 2019 11:54:53 AM

A Net Operating Loss (NOL) carryforward would be shown as an "Adjustment to Income" on Schedule 1, line 21 of your return.  It will not be shown on Schedule C.