blakevenable87
Level 1
01-19-2021
01:13 PM
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TaxGuyBill
Level 15
01-19-2021
01:21 PM
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Can you clarify what you mean by a "net loss carryover"? Generally, losses are carried to the Partners via the K-1, so a loss would not be carried over on a Partnership return.
But there are other kinds of losses that could be carried over, so if you give more details, maybe somebody could help you.
blakevenable87
Level 1
01-19-2021
02:49 PM
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This is for their Franchise and Excise tax return for the state of Tennessee. They had a net operating loss that was able to be carried over from the prior year.