jsbarto1[at]cox.net says...

- quote -

NOL is one of the more difficult tax quirks to grasp. It's
impossible for anybody on this forum to answer your question
without seeing your tax return. What do you think generated
the NOL? Do you have a business?

Gary

--
You can probably X figure out X which letters to X delete to
derive my email address X.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

I'm wondering whether or not I've had an NOL for 2002 (and
possibly this year) that I didn't take previously. I looked
at my prior tax returns and my *losses* worksheets don't
show anything for this deduction. Would TurboTax have
indicated an NOL for me if I actually had one, or is this
something that I would have to manually figure myself?

Just wondering on this--I downloaded the appropriate
publication from the IRS website, and figuring the NOL
manually looks pretty tedious--and perhaps not worth the
trouble if I'd have to figure it myself.

I would hope that TurboTax would be able to figure this for me--

Jean in VA

--
"If you are going through hell, keep going."

Winston Churchill

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->