How to enter nol carryover on s corp

tina3 · ‎02-12-2020

how to enter nol carryover on s corp

IRonMaN · ‎02-12-2020

No such critter. Income and losses flow through to the shareholders so they don't exist inside a Sub S.

Slava Ukraini!

sjrcpa · ‎02-12-2020

Are you sure you have one? It is only relevant if it was formerly a C Corp and will be used in the built in gain calculation.

The more I know, the more I don't know.

Karl · ‎03-12-2022

Do you possibly mean at the state level? I'm in CA, and we have a franchise tax on S-Corps. So we have state NOL's, and they go on screen 43.012

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