cari-colby
Level 1
03-18-2021
03:41 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
On Schedule 1, line 8, the entire combined prior years NOL is being deducted, leaving the client with a negative AGI. On the NOL Utilization statement is shows that $81k is being absorbed this year, but their income is being reduced by the full amount.
Labels