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Level 1
March 2, 2022
Question

NOL originated by Charitable Contributions for individuals who do not itemize deductions on 2020

  • March 2, 2022
  • 1 reply
  • 7 views

On a 2021 Return, I have a NOL $300 on Sch 1 Line 8a, this was originated on 2020 return because the 300 dlls charitable contribution on line 12 b that plus the standard deduction gave a Zero Taxable income. My question is: this NOL is legitimate or  is it an error?

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1 reply

sjrcpa
Level 15
March 2, 2022

IMO it is an error.

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