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How to enter NOL loss from previous years

Jessica Ly
Level 2
My new client had NOL carryforward from 2004 to 2022. He filed Schedule C for his business. Please advise how to enter his NOL loss before 2018 and after 2018 in Proseries.Thank you!
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2 Comments 2
sjrcpa
Level 15

First make sure there really are NOLs.

Having a Schedule C loss does not equal NOL.

The more I know, the more I don't know.
Just-Lisa-Now-
Level 15
Level 15

The Federal Carryover Worksheet lets you input prior year NOLs.  But you have to manually account for the 80% of taxable income limit for NOLs after 2018 (or was it 2017?  I cant remember)


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