ratherfarm
Level 2
02-25-2021
10:49 AM
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how does this impact my return with a farm loss? I assume this does not impact the loss carryforward?
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TaxGuyBill
Level 15
02-25-2021
10:54 AM
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Is the taxpayer fully "at risk"? In most cases, that would be the case for a Sole Proprietor, in which case you don't need the At Risk form.
What carryforward? Does the loss create a Net Operating Loss (NOL)?
ratherfarm
Level 2
02-25-2021
02:50 PM
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yes a NOL