NOL carry forward

[martoro]

Hello. I'm filing an a return for a minor UTMA account which has a NOL. As far as I understand, turbotax does not generate any forms to record the NOL carry forward. The NOL is allowed to be carried forward, but I need to keep track of it myself and then use it in a later year? Or do I need to file any forms this year for the NOL carry forward?

[Mike9241]

not sure how a minor's UTMA account can have an NOL since an NOL can only arise from Business activities and it's difficult to see how that would happen. not saying that it couldn't 

[martoro]

If the entire tax return's income (AGI) is less than 0, this is a NOL. It doesn't need to be from business activities.