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NOL Carryforward for caualty loss 2022 to 2023

After filing for an extension, I am completing my 2022 taxes. I completed the worksheets in IRS Pub 536 and confirmed I have a net operating loss for Hurricane Ian (Federal Disaster) damage to my principal residence (deductions exceeding income).  How will TurboTax pick that up (or will it) as a carryforward when I complete my 2023 taxes? (i.e. will I have to manually enter it in 2023?)  Secondly, will I have to itemize again in 2023?  (Ian has not yet been declared a qualified disaster, so I must itemize in 2022).

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3 Replies

NOL Carryforward for caualty loss 2022 to 2023

TurboTax neither calculates nor carries forward an NOL. You have to enter the figure manually.

NOL Carryforward for caualty loss 2022 to 2023

Where do you figure it manually. Turbo Tax won't let me remove the NOL once I entered it in the K-1.

 

NOL Carryforward for caualty loss 2022 to 2023

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