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- Can a client (on their personal tax return) carry over a loss that was not needed if the loss was from their K-1 S-Corp?
Can a client (on their personal tax return) carry over a loss that was not needed if the loss was from their K-1 S-Corp?
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Pioneer_Tax
Level 2
04-15-2022
02:40 PM
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If so, the system seems to not being do this automatically...so how do I prompt this carry over?
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1 Comment 1
sjrcpa
Level 15
04-15-2022
02:48 PM
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If the loss was able to used on a particular year's return it is used, whether it is "needed" or not. No picking and choosing when to use it.
The more I know the more I don’t know.
