Form 1045 - Schedule A-NOL (Current Year NOL) (CARRYFORWARD)
1
If your return generates a Net Operating Loss (NOL) for the current year, the TaxAct program will display a Green Alert titled “Explanation: Net Operating Loss.” This alert indicates that an NOL has been calculated and requires review.
You may review, modify, or print the NOL schedules and forms within TaxAct using the instructions below. In some cases, you will be required to attach a statement about the NOL.
Form 1045 or Form 172
Online
Dashboard
From within your TaxAct return, click Resources.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Under My Return, click Federal Search.
Click the Miscellaneous Topics drop-down, then click Net Operating Loss (NOL).
Complete the rest of the interview process.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Miscellaneous Topics drop-down, then click Net Operating Loss (NOL).
Complete the rest of the interview process.
Desktop
From within your TaxAct return, click Federal.
Click the Miscellaneous Topics drop-down, then click Net Operating Loss (NOL).
Complete the rest of the interview process.
NOL Carryover
Online
Dashboard
From within your TaxAct return, click Income.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Business & Self Employed drop-down.
Click Add beside Net Operating Loss (NOL).
Complete the rest of the interview process.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Other Income drop-down, then click Net Operating Loss (NOL) Carryforward.
Complete the rest of the interview process.
Desktop
From within your TaxAct return, click Federal.
Click the Other Income drop-down, then click Net Operating Loss (NOL) Carryforward.