Form 172 NOL

[OKno]

I'm working on a tax return for a client who has an NOL carryover.  The Carryover Worksheet, line 14 has the amount carried over but shows an error.  The error message is "Net Operating Loss is now being reported on Form 172. Form 172 has not been finalized at this time. The product will be updated once the form has been finalized."  I went to the Intuit App - Tax Form Availability for ProSeries.  There is says that the form is "Unsupported"!  It will be ready to print 3/6/25.

Is this correct?  Is ProSeries not going to support NOL carryover?

Need help on this one.

[mhs1826]

I have the same issue. My client has an NOL in 2024. I assume form 172 should be filed with the tax return to report the NOL. I'm not sure how the Carryforward will be handled in 2025 - does there need to be a manual entry to deduct the NOL in 2025?

[Just-Lisa-Now-]

I saw someone else mention this over in the Facebook PS group, said it couldnt be EFiled either, so can it be attached as a PDF?   we cant possibly be forced to mail any return with an NOL, that would be ridiculous.

@IntuitGabi   can we get some information on this new form?

[IntuitGabi]

Yes, I'll see what I can find out about this. Thank you! 

[IntuitGabi · Accepted solution]

Hello. During this time, some forms are continuing to go through the approval and schema updates. Our focus and commitment remains to have forms finalized and approved by their agencies as quickly as possible. 

The ProSeries Tax Form Finder has been updated to show Form 172 available to e-file on 3/6/2025. To plan accordingly for your clients, continue to check the site for any changes. I hope this helps! 

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[OKno]

Thank you, thank you!