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Resolved:Incorrect 2013 Net Operating Loss Carry Forward Amount For Estates & Trusts

Updated: 1/30/2013

Article ID: SLN65581

The amount of net operating loss (NOL) carried forward to 2013 was calculating incorrectly for Estates & Trusts (1041).

If you have a NOL carryover from 2011 that is larger than the net income for 2012,

Then the amount of NOL carried over to 2013 was not being reduced by 2012 income.

Solution:

This issue has been resolved in a TurboTax update that was released on 1/28/2013

For assistance with updating TurboTax please refer to the How to Update TurboTax support article.

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