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Level 4
September 19, 2021
Solved

NOL Losses Carry Forward

  • September 19, 2021
  • 2 replies
  • 14 views

Where Do I put prior years (11 Years worth) Of loss carry forwards.

I know there is a Federal Carry forward worksheet for State and local taxes and below that are loss carry fwd for Short and Long term capital losses with adoption credit/ carry fwd

But where do I list the years and losses so it appears under Other Income on the 1040

This is a new client for me

This topic has been closed for replies.
Best answer by dkh

 @Jerry C  is this what you're asking about?  Unfortunately there is no way to get this info to carryforward each year.  I use  cut & paste to save time and prevent typing errors.

2 replies

Just-Lisa-Now-
Intuit Community Champion
September 19, 2021
Carryover Worksheet Line 14 is for NOL. I dont think ProSeries has a sheet that shows all the years individually.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Jerry CAuthor
Level 4
September 20, 2021

Thank you. I just overlooked Line 14

dkh
dkhAnswer
Level 15
September 20, 2021

 @Jerry C  is this what you're asking about?  Unfortunately there is no way to get this info to carryforward each year.  I use  cut & paste to save time and prevent typing errors.

Jerry CAuthor
Level 4
September 20, 2021

Thank you very much!  This is exactly what I was looking for. I Just overlooked Line 14