NOL CARRYBACK ISSUE
NOL CARRYBACK - Is there a field in the individual program that you can make a notation that a current year NOL was carried back to a prior year so it doesnt carry forward to 2009?
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Amy-in-PA
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05/22/09 12:39pm PDT
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My answer (sorry I was away so long I couldn't answer sooner) is that you do nothing,
and the program assumes you carried it back. If you wanted to carry it forward you'd have to do something affirmative.
Back up before it's too late. For a professional answer, call Tech Support at 1-800-933-9999 (Lacerte)(other numbers ProSeries, QB, or TurboTax). I am a volunteer, not compensated or supported by Intuit.
