Skip to main content
Level 2
June 1, 2022
Solved

how can I see that a loss on 2021 Schedule C will be carried forward to 2022

  • June 1, 2022
  • 2 replies
  • 13 views

I have a loss on Schedule C for 2021.  I need to be assured that the 2021 Loss will be carried forward to 2022

This topic has been closed for replies.
Best answer by Just-Lisa-Now-
Sch C losses don't carry forward, Net Operating Losses will carryforward if you elect to do so.

If you have an NOL, you should see it on Sch 1, as well as the Federal Carryover worksheet.

2 replies

abctax55
Level 15
June 1, 2022

Does this Sch C generate an over-all loss for the 'entire' return?  If so, you *may* have a net operating loss.    A Sch C loss all by its lonesome doesn't *carry over* unless (maybe?) you are referring to QBI?

HumanKind... Be Both
Just-Lisa-Now-
Intuit Community Champion
June 1, 2022
Sch C losses don't carry forward, Net Operating Losses will carryforward if you elect to do so.

If you have an NOL, you should see it on Sch 1, as well as the Federal Carryover worksheet.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪