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Re: Net Operating Loss Carryforward by Turbo Tax

similar question with late K-1 for final estate return.  The carryover is not filling in on line 14 a as it should I think.  

 

Our tax accountant that issued the K-1 said it should be showing up there.  Seems like a glitch in the software.  

 

 

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1 Reply

Re: Net Operating Loss Carryforward by Turbo Tax


@TaxMatters23 wrote:

similar question with late K-1 for final estate return. 


On which line on your K-1 does the carryover appear?

 

An NOL on a K-1 (1041) should appear on Line 11 with an E code and then will be transferred to Schedule 1 on  Line 8a as a negative number.

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