I have a NOL to carry over from 2017. I relinquished any carryback. Even without using the loss in my 2018 declaration, I have zero federal tax liability for the 2018 tax year. Do I have to enter the loss on my 2018 declaration, or can I wait and use it later in a year when I may otherwise have to pay federal tax?
You'll need to sign in or create an account to connect with an expert.
You have to enter the NOL on the 2018 to able to determine how much if any will go to the 2019 return.
If you don't claim it on the 2018 you will have no carry-forward to 2019.
Odds are some of the NOL will be reduced but if large enough then you can still carryover some to 2019.
how do you file for a carryover to 2019?
turbotax shows nothing in the worksheets
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
SoCalRetiree
New Member
Tw1982
New Member
pkg04792
New Member
Andy_W
Level 1
MellowStudent
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.