Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

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?

Pioneer_Tax
Level 2

If so, the system seems to not being do this automatically...so how do I prompt this carry over?

0 Cheers
1 Comment 1
sjrcpa
Level 15

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.