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No. Net Operating Loss is a personal (individual) tax situation or calculation that TurboTax doesn't handle.
"Net Operating Loss: If after completing your tax return you have a negative amount on Form
1040, line 41, and you had a loss from a business activity such as those reported on
Schedules C, E, F, or resulting from dispositions on Form 4797, or sustained a casualty loss,
you may have a Net Operating Loss (NOL). The program does not calculate the amount of
NOL to be carried back or forward to another year. To determine your NOL, if any, refer to
Form 1045, Schedule A (not included with this program). You will probably also benefit by
reviewing IRS Publication 536 for details about the NOL calculation."
Please feel free to review the following TurboTax FAQ for more information:
No. Net Operating Loss is a personal (individual) tax situation or calculation that TurboTax doesn't handle.
"Net Operating Loss: If after completing your tax return you have a negative amount on Form
1040, line 41, and you had a loss from a business activity such as those reported on
Schedules C, E, F, or resulting from dispositions on Form 4797, or sustained a casualty loss,
you may have a Net Operating Loss (NOL). The program does not calculate the amount of
NOL to be carried back or forward to another year. To determine your NOL, if any, refer to
Form 1045, Schedule A (not included with this program). You will probably also benefit by
reviewing IRS Publication 536 for details about the NOL calculation."
Please feel free to review the following TurboTax FAQ for more information:
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