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A
an73_2
Level 1
September 7, 2021
Question

how to report portion of the losses 1120s K1

  • September 7, 2021
  • 2 replies
  • 5 views

client has losses for 2020 but he does not wants report k1 for 2020 he wants to forward for

next years. he wants to report a portion of it

This topic has been closed for replies.

2 replies

Accountant-Man
Accountant-Man
Level 13
September 7, 2021

He can't do that. Tell him to hire a professional. 

** I'm still a champion... of the world! Even without The Lounge.
    abctax55
    abctax55
    Level 15
    September 7, 2021

    "....Tell him to hire a professional. "

    @Accountant-Man - You forgot the /S

    HumanKind... Be Both
      dd4vols
      dd4volsIntuit Community Champion
      Intuit Community Champion
      September 8, 2021

      I'm trying to find in the IRC where the client makes the rules about how much loss (or gain), to report.  And to think, all these years, I've been reporting actual gains and actual losses... SMH

      If an answer solves your issue, click on the "Mark as Best Answer" button! Makes it easier for people to find answers to similar questions that have already been posted.
        T
        Terry53029Intuit Community Champion
        Intuit Community Champion
        September 8, 2021

        @dd4vols That IRC reference is Joes barbershop, and a lot of my clients try to use it.

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