Where do I find AMT Net Operating Loss Carryover in 2018 to input into 2019 tax?
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" Where do I find AMT Net Operating Loss Carryover in 2018 to input into 2019 tax?"
TurboTax supports neither the calculation of an NOL nor an ATNOL, both of which must be calculated by the taxpayer.
In order to calculate an NOL, follow Publication 536 (link below is for use in 2018 returns).
See https://www.irs.gov/publications/p536
In order to calculate an ATNOL, you will need your Form 6251 and should follow the guidelines set forth below.
See https://www.irs.gov/instructions/i6251#idm139637784589312
Why is it that TurboTax doesn't support the calculation of NOLs? It calculates seemingly everything else. Are there any other things it doesn't support (i.e. passive loss carryovers, capital loss carryovers, AMT credit carryovers?) Thanks!
@chucknjr wrote:
Are there any other things it doesn't support (i.e. passive loss carryovers, capital loss carryovers, AMT credit carryovers?)
Yes, the following is a link to a TurboTax Help article that specifies unsupported calculations and tax situations.
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