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April 13, 2025
Question

SInce Form 172 is not included in TurboTax, how can I file it?

  • April 13, 2025
  • 1 reply
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    April 13, 2025

    To file IRS Form 172, which deals with Net Operating Losses (NOLs) for individuals, estates, and trusts, you can follow these steps:

    1. Download Form 172: You can find the form on the IRS website here
    2. Complete the Form: Follow the instructions provided by the IRS to fill out the form. Detailed instructions are available here
    3. File the Form: Since TurboTax does not support Form 172, you will need to manually file it. You can mail the completed form to the IRS address specified in the instructions.

    For additional help, you can refer to TurboTax's community discussions on handling NOLs here