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NOL Carryover/Forward worksheet Question Line 14a

Loss and Expense Carryovers:

Line 14a NOL shows a carryover value (same value on 1040 line 21showing the NOL carried from 2015) in the 2015 column but nothing in the 2016 column. Shouldn't there be a value in the 2016 column to reflect the carryover for 2016 to carryover to 2017?

 

The Form 1045 Sch A calculations show that the carryover amount has not changed and should be the same amount to carryover to 2017.

Is this something we should do manually?

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1 Reply

NOL Carryover/Forward worksheet Question Line 14a


@fbgoldwing wrote:

Is this something we should do manually?


Are you not doing this manually? TurboTax will not carry forward an NOL to a subsequent tax year.

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