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How do I enter net operating loss (NOL) carryover in turbotax home and business version 2018?

Forum|Forum|7 years ago
June 1, 2019
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I cannot find how to enter the net operating loss (NOL) carryover anywhere on tubotax home and business version 2018, but last year I was able to easily enter net operating loss carryover in home and business version 2017? Why did the net operating loss entry disappear in the current version?

TurboTax Home & Biz Windows

Best answer by KrisD15

Type nol carryforward into the search box at the right-hand top of the screen.
Click the "Jump to nol carryforward" link

Please enter the carry-over as a positive number.

KrisD15Answer

Type nol carryforward into the search box at the right-hand top of the screen.
Click the "Jump to nol carryforward" link

Please enter the carry-over as a positive number.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

R

rgrcpa

I don't have a jump to nol as a link.

T

ThomasM125

To find the "jump to" link, you type in "net operating loss" in the search box that you will see in the upper left hand corner of your TurboTax screen.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

A

ajthrock

OK, the original answer works in 2016 and newer, but not in older versions. If you go to the newer version and enter a number in the proferred carryover box, you can see what it actually changes. The input goes onto the "Carryover Wks" line 14 a & b = Net Operating Loss available to carry forward.

P

pa3

I am having problem with NOL forms from many years and requested TT for help.

i bought most expensive TT, and even professional. paid money buy not able to do it right.

i even bought audit insurance for many years.

i was audited for NOL and their audit insurance company refused to help and represent me and they took my audit insurance money also.

I called Tubo tax, filed complaint couple of times and no help came.

but i am stuck with TT software from whole life.

Some how i think turbo tax does not want NOL customers and would prefer them to go to professional accountants.

Any way there audit insurance is not reliable and dependable.

My NOL audit case is still open due to covid. Audit insurance company and us are looking for long court battle and audit has very big numbers.

Let me if any NOL automatic software is in the market so we can change, even though i have life time relationship with TT.

Critter-3

There is NO DIY that can/will tackle an NOL as this is beyond the scope of the average DIY filer so using a professional (not a "rent a pro" thru the TT system who "helps" you file your own return and doesn't sign your return) is your only real option. Even the professional programs doesn't complete the NOL automatically, it also requires some human assistance.

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rseago0806

WRONG!! The solution is the very last comment where a picture is shown of Home and Business.

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mikeasmel

I just need to add in a Non Operating Loss carryforward on the 2020 return along with a simple note in a scheudule. Which version of Turbo Tax can i use? The rest of the tax return is very simple and there is no tax due. Also, it is for joint senior citizens that are 90 years old but I don't think that i can use the 1040SR due to the need to enter a NOL.