sbolen
Level 2
09-08-2023
02:01 PM
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I'm a ProSeries Basic user. How do I elect to carry a Schedule C loss forward to next year's return?
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abctax55
Level 15
09-08-2023
02:15 PM
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You don't.
You carryforward a NOL, which may or may not occur if there's a Sch C loss. It depends on the other income reported on the tax return.
"*******Tax software is no substitute for a professional tax preparer*******
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PATAX
Level 15
09-08-2023
04:46 PM
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@IRonMaN or maybe it may work like the alleged election campaign irregularities when dead people allegedly casted ballots and other alleged shenanigans when JFK defeated Nixon???