TaxGuyBill
Level 15
10-13-2020
08:12 PM
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Basic does not have Form 1045, so I assume that means it does NOT calculate the NOL.
If that is the case, you would need to manually calculate and enter it for it to carry forward (or use Professional on a Pay-Per-Return basis).
The 'default' is that a NOL is carried back 5 years. So if you want it to carry forward, you need to make the election to "Waive the Carryback".