freddielong
Level 2
‎06-01-2022 05:37 PM

I have a loss on Schedule C for 2021.  I need to be assured that the 2021 Loss will be carried forward to 2022

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abctax55
Level 15
‎06-01-2022 06:05 PM

Does this Sch C generate an over-all loss for the 'entire' return?  If so, you *may* have a net operating loss.    A Sch C loss all by its lonesome doesn't *carry over* unless (maybe?) you are referring to QBI?

HumanKind... Be Both
Just-Lisa-Now-
Level 15
Level 15
‎06-01-2022 06:48 PM
Sch C losses don't carry forward, Net Operating Losses will carryforward if you elect to do so.

If you have an NOL, you should see it on Sch 1, as well as the Federal Carryover worksheet.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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