Taxes-by-Rocky
Level 8
4 weeks ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Assuming 1040 return, look for the: (i) Net Operating Loss Classification Worksheet; and (ii) the Net Operating Loss Worksheet both in the 2023 package and go from there. You have to first determine if you had a net operating loss in 2023 and one that can be carried forward to 2024. See IRS Publication as well.