☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Sep 26, 2024 7:21:35 PM

NOL Question for 2023

Hello,

I think I have an NOL for 2023.  I answered yes I have an NOL this year.  Now do I need to enter the amount somewhere in Turbo Tax so that it will carryover into 2024.

0 1 4639
1 Replies
Level 15
Sep 26, 2024 8:01:01 PM

You need to calculate your NOL manually and enter it into the program.

 

Thereafter, you need to calculate the NOL each year since TurboTax does not carry it over automatically.

 

See https://www.irs.gov/publications/p536#en_US_2023_publink1000177326