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Will an AGI loss in 2018 carryover to 2019? If so where will it show up on the 2019 form 1040?

if see that capital gains losses and Schedule C losses carryover but not sure about AGI losses.

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Coleen3
Intuit Alumni

Will an AGI loss in 2018 carryover to 2019? If so where will it show up on the 2019 form 1040?

If you are referring to a Net Operating Loss, yes, it will carryforward to 2019. As of 2017, with 2018 Tax Cuts and Jobs Act (TCJA), you can no longer carry back an NOL.

What is a Net Operating Loss?

A net operating loss (NOL) results from the situation in which a business or individual has more allowable tax deductions than it has taxable income. In this case, the business has negative income, or a net operating loss. That's the bad news. But the good news is that you may be able to take that net operating loss and move it to a tax year in which you had a profit (actually, net operating income) in future years.

To have an NOL, your loss must generally be caused by deductions due to expenses from: 

  • A business (but see restrictions on losses depending on types of business below)

 

From <https://www.thebalance.com/net-operating-loss-nol-398354>

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