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April 7, 2024
Question

How do i carry forward Schedule C Net Operating Loss to this year's Schedule C income?

  • April 7, 2024
  • 1 reply
  • 0 views

I have a Schedule C loss of $4532 on my 2022 tax return - 1040 line 8 (and Schedule 1 line 10).

 

I don't see it reflected in my TT-Premier 2023 taxes. Why doesn't TT automatically calculate and carry forward?

 - How do i calculate this?

 - Where do I add the carry-forward (I guess in the NOL/QBI Carry Forward section of Income)?

1 reply

VolvoGirl
April 7, 2024

I don't think that is a NOL.  You took the full loss on your 2022 return.  It isn't carried over to 2023.