Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- NOL originated by Charitable Contributions for individuals who do not itemize deductions on 2020
NOL originated by Charitable Contributions for individuals who do not itemize deductions on 2020
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
RosaG
Level 1
03-02-2022
12:08 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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?
Labels
1 Comment 1
sjrcpa
Level 15
03-02-2022
12:28 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
IMO it is an error.
The more I know, the more I don't know.
