Enter Net Operating Loss (NOL) carryovers

Use the following information to enter NOLs from prior years.
  • If you carried back the net operating loss amount from any prior year to an earlier year, enter only the amount available for carryforward in the NOL Carryovers section of the
    CO
    screen in the
    Carryovers & NOL
    folder.
  • If you entered losses as negative amounts, enter the carryforwards from the year in which the losses were used.
A net operating loss of $10,000 was generated in
2022
. $3,000 of that loss was carried back to prior years and $4,500 of the remaining amount was used in
2022
. Enter
7,000
($10,000 minus $3,000) in the
2022
field and enter
-4,500
in the
2023
field.
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