Hi all, I had a business loss in 2022 that resulted in a negative taxable income, which I believe qualifies as a Net Operating Loss (NOL) carryforward. Do I need to manually enter that NOL on the following year's return (e.g., 2023), or does FreeTaxUSA (or other tax software) automatically carry it forward? Specifically:…
I have a net operating loss from previous years. I do not see any place to enter it in my Freetaxusa tax return.
Entered Final K1 for estate, it had figures for box 11 E and F. Then I got a warning, Should I now go to other income and enter NOL for E NOL Carryover and F Alternative Tax NOL to match box 11 figures from K1 screen?
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