Your Net Operating Loss (NOL) can only be carried forward using Form 172 if it is not able to be entirely claimed during the current tax year.
Prior to tax year 2018, a taxpayer was able to carryback the loss for two years or carryforward the loss.
Program Entry
In the program, you can enter your NOL from the prior year by following this path:
- Federal
- Income (Select my forms)
- Less Common Income
- Form 1045