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March 3, 2025
Question

How do i go about by passing the NOL (Net Operating Loss ) if i have never had to fill one out before ?

  • March 3, 2025
  • 1 reply
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    1 reply

    March 10, 2025

    Are you referring to entering a Net Operating Loss Carryforward?

     

    In TurboTax Online, follow these steps:

     

    • Down the left side of the screen, click Federal.
    • Down the left side of the screen, click Wages & Income.
    • Click on the drop down arrow to the right of Other Business Situations.
    • Click to the right of Net Operating Loss/QBI Carryforward Loss.
    • At the screen 2023 Net Operating Loss, enter the information.

    TurboTax does not support the calculation of a Net Operating Loss (NOL).

     

    You may use the worksheet available in IRS Publication 536 to compute an NOL.

     

     

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