Where is the form 172 in deluxe

[Disabledby172]

Form 172  NOL was supposed to be added to Deluxe on 3/20 I was told. what should I do now. It is not in premier as far as I can see either. What to do I want to file.

[MonikaK1]

If you are referring to IRS Form 172, that form and the calculation of Net Operating Loss Carryovers are not supported by TurboTax. 

If after completing your tax return you have a negative amount on Form 1040, line 15, and you had a loss from a business activity such as those reported on Schedules C, E, F, or resulting from dispositions on Form 4797, or sustained a casualty loss, you may have a Net Operating Loss (NOL). The program does not calculate the amount of NOL to be carried back or forward to another year. To determine your NOL, if any, refer to Form 172 (not included with this program). You will probably also benefit by reviewing IRS Publication 536 for details about the NOL calculation.

Please see this list of Unsupported Calculations and Situations in the 2024 TurboTax Individual Federal Tax Software Progra... for more information.

[Disabledby172]

This wonderful program has been carrying forward my NOL for the last 8 years including 2024 how is it doing that then?

[MarilynG1]

Is is possible you're referring to a Capital Loss Carryover?  TurboTax does carry that amount forward each year and tracks amount used each year.

When a net operating loss (NOL) is initially entered TurboTax will incorporate that into the current tax return once you have completed the NOL worksheet(s).  It will also know if any of the NOL was used on your tax return.  What TurboTax will not do is to calculate an NOL.

• IRS Publication 536

When this initially occurred, then the NOL worksheet was required to be prepared and depending on the year, you had an option to carryforward or were required to carry it back. 

The NOL must still be calculated and entered into TurboTax each year. Use the IRS publication to access the worksheets.

@Disabledby172