George4Tacks
Level 15
09-20-2021
12:26 AM
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Did you elect to NOT carry the NOL back in the prior year? Without the election to waive the carryback, you would need to carry any NOL back 5 years. https://www.irs.gov/pub/irs-pdf/p536.pdf
If there truly is a remaining NOL, you would need to enter the carryovers by year in Income > Federal Net Operating Loss and also for the state (which is likely a different number)
Answers are easy. Questions are hard!