Question

Net Operating Loss Carryforward by Turbo Tax

Forum|Forum|5 years ago
March 20, 2021
1 reply
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I noticed that there is a line for Net Operating Loss Carryforward. Since I used Turbox for my tax return for many years, I am wondering if TurboTax can pull my previous record and calculate this number for me automatically.. If this is not possible, how can I obtain this number manually?

A

Anonymous_

TurboTax does not support the calculation of an NOL.

You can use the worksheet available at the IRS web site (link below) to figure your NOL.

https://www.irs.gov/publications/p536#en_US_2019_publink1000177330

Q

QPCAuthor

Thanks @Anonymous_ do you know is there any way to request this feature? Since TurboTax got all of my previous years' return, it should be able to figure that out for me.