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Level 3
February 21, 2022
Question

Sch F has -6749 loss. Other income is 16320 gambling. Itemized deductions are 23102 including 16320 gambling loss. Is there a NOL?

  • February 21, 2022
  • 1 reply
  • 6 views
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1 reply

Level 10
February 21, 2022

Check the NOL Worksheet. 

Level 3
February 22, 2022

I have proseries basic not professional  so i cant check the worksheet.   Im retired and I only do a couple farmers and less than 20 returns.   My manual worksheet says no  nol.

sjrcpa
Level 15
February 22, 2022

I agree. No NOL.

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