DavidCPA
Level 2

I have a NY NOL Carryover from 2018 originating from Form IT-203.  Where is this entered in PTO?

Also, I'm getting the following critical diagnostic:

An amount of loss is entered as a federal Basis Carryover for an S corporation. An entry of -1 should be entered in the corresponding state if different Basis Carryover code in order to prevent the NJ return from reporting any prior year loss amounts. NJ tax law prohibits any carryover of losses, including Basis carryover amounts.

Does anyone know how to address this diagnostic?  I was unable to locate where the -1 should be entered.

Thank you

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