Entering an NOL carryover in the Individual return in ProConnect Tax(Diagnostic ref. 53656)

Follow these steps to enter an NOL carryover in the program:

1. From the Input Return tab, go to Income ⮕ Net Operating Loss ⮕ Federal Net Operating Loss ⮕ Details
2. Enter the Year of loss (e.g., 2022) (MANDATORY).
3. Enter the Initial loss.
4. Enter the AMT initial loss if applicable.
   • The NOL Carryover will flow to Schedule 1, as Other Income

If the Year of loss, Initial loss, or AMT initial loss entries are missing, the carryover will not show on the return.