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Can I elect to utilize only a portion of my NOL carryover from prior years even though turbotax is utilizing the entire amount?
I have a $5,000 NOL carryover and turbotax is utilizing the entire amount. The return shows I owe $0. If I change the NOL amount to $1,500, the return still shows I owe $0. Can I elect to utilize only $1,500 and carry the remaining $3,500 forward? If so, how can I do this? Also, why is turbotax utilizing the entire $5,000 when there is no benefit to do so?
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‎June 4, 2019
12:42 PM