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April 15, 2025
Question

Carry forward casualty loss from 2023- where to input this into turbotax

  • April 15, 2025
  • 1 reply
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I need to carry forward a named federal disaster loss to my 2024 taxes.  IRS Publication 536 appear to state this is allowed as a Net Operating Loss.  However, I cannot find anywhere in turbo tax to enter this loss information and it failed to bring it forward from my 2023 filings.  

 

Publication 536 (2023), Net Operating Losses (NOLs) for Individuals, Estates, and Trusts

    1 reply

    April 16, 2025

    The disaster loss doesn't carry over, the NOL does.  An NOL says that your income for the entire year was a negative number.  If your overall income on the 2023 tax return was a negative then the system should carry the NOL forward from last year.  If it did not then you can manually enter your NOL in the system by typing NOL into the searchbar at the top of the screen and then clicking the 'jump to' link that appears.

     

    @casualty loss  

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