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vita
Level 1
March 5, 2021
Question

1041 loss for 2020. Program not showing the loss forward. or on the NOL form or anywhere. Shouldn't it be showing?

Program not showing the loss forward. or on the NOL form or anywhere. Shouldn't it be showing?

I did select to carry loss forward and not back.

Vita

This topic has been closed for replies.

1 reply

sjrcpa
sjrcpa
Level 15
March 5, 2021

A loss on a 1041 is not necessarily an NOL.

Is the entity conducting a business?

The more I know the more I don’t know.
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