john4
Level 1
12-07-2019
06:57 AM
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Do you add the unallowed losses to the New Jersey Basis? Can you then remove the unallowed losses from NJ-BUS-2?
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sjrcpa
Level 15
12-07-2019
06:57 AM
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I don't think NJ allows prior year losses to offset cutrrent year income. Check the NJ instructions.
The more I know the more I don’t know.
Accountant-Man
Level 13
12-07-2019
06:57 AM
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You don't. You don't get the losses.
** I'm still a champion... of the world! Even without The Lounge.
