About WmB

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Re: How do I recognize Net Operating Losses from 2018 and 2019 on m...

Question, please; where is the election to wave carryback made on the Form 1040? Look as I might, I can find no mention of such a provision in TurboTax.

WmB

3

Updated Jul 17, 2021
Re: How do I recognize Net Operating Losses from 2018 and 2019 on m...

Thank you for the in depth explanation. Using the "Other Income" entry solves my dilemma; I was also confusing NOL with QBL with AMT loss.

WmB

Updated Jul 17, 2021
Re: How do I recognize Net Operating Losses from 2018 and 2019 on m...

Thank you for the link. That addressed nicely how to apply an NOL for an ensuing year.

WmB

5

Updated Jul 17, 2021

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