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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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- How do I record a prior year NOL carryforward to this years K-1 (form 1120S)
How do I record a prior year NOL carryforward to this years K-1 (form 1120S)
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satilla
Level 1
02-15-2022
03:23 PM
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I don't Net loss carryforwards under Deductions per some of the instructions I've read.
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sjrcpa
Level 15
02-15-2022
03:36 PM
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An NOL does not carryforward to a K-1.
What specifically are you trying to do/think you can do?
This forum gives you lots of room to type an explanation.
I'm thinking you're not talking about an NOL at all.
The more I know, the more I don't know.
