How to enter NOL loss from previous years

[Jessica Ly]

My new client had NOL carryforward from 2004 to 2022. He filed Schedule C for his business. Please advise how to enter his NOL loss before 2018 and after 2018 in Proseries.Thank you!

[sjrcpa]

First make sure there really are NOLs.

Having a Schedule C loss does not equal NOL.

[Just-Lisa-Now-]

The Federal Carryover Worksheet lets you input prior year NOLs.  But you have to manually account for the 80% of taxable income limit for NOLs after 2018 (or was it 2017?  I cant remember)