CR EA
Level 1
03-08-2022
09:44 PM
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When I enter the K-1 Partners share of income and deductions for a farm partnership, on the partners 2021 Form 1040 Individual return, if it shows a NOL from 2020 line 23, and a NOL on line 24 for 2021 is this a correct way to fill out Explanation Statement?
2020 FORM 1040 NOL CARRYFORWARD $XXX
2021 FORM 1040 NOL CARRYFORWARD $XXXX