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JImClav
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  • Re: What to do in first year of NOL

    Update: I just realized TurboTax did automatically fill out Line 29 "Qualified business loss carryforward" of the Federal Carryover Worksheet with my NOL, just ...
    JImClav
    Updated Mar 31, 2020

  • Re: What to do in first year of NOL

    Hi AmeliesUncle, It's somewhat non-intuitive and I had to check many times, so I am glad to be reaffirmed about the NOL. Thanks again for your responses and the...
    JImClav
    1
    Updated Mar 31, 2020

  • Re: What to do in first year of NOL

    Hi AmeliesUncle,No I'm not sure but I can't find any documentation that says AGI must be negative to have a NOL, only that AGI minus standard deduction must be ...
    JImClav
    3
    Updated Mar 31, 2020

  • Re: What to do in first year of NOL

    Thank you Thomas. I will manually enter it. It concerned me that TurboTax did not indicate I have a NOL, even though I do according to Pub536 Wksht 1/F1045 Sche...
    JImClav
    5
    Updated Mar 31, 2020

  • Re: What to do in first year of NOL

    Thanks for responding Amy. I think I found the worksheet: "Federal Carryover Worksheet" and Line 14a is "Net Operating Loss available to carry forward." However...
    JImClav
    7
    Updated Mar 31, 2020
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