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September 25, 2019
Question

Do I need to fill up any form to carry forward an NOL into the year 2019?

  • September 25, 2019
  • 1 reply
  • 0 views

I have a NOL that's been carried forward since 2016 when the compnay was dissolved.

Now that the company is dissolved that NOL is part of my individual taxes in 2017

When I file in turbotax this NOL gets deducted from my income.

But I don't see it as a carry forward to 2019 in any of the worksheet.

  1. Do I need to send a form to the IRS? If so, which one?
  2. How does the IRS track the NOL remainder?

Thank you

    1 reply

    Critter
    Employee
    September 26, 2019
    Did the NOL get carried to the 2018 return ? If so was it used up ? Did you calculate the NOL carryover on the 2017 return ?
    laurentAuthor
    September 26, 2019

    Yes I carried the NOL to 2018 return.

    No there is a lot remaining.

    The NOL carryforward was calculated in the 2017 return by the CPA.