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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- Prior C Corp Net Operating Loss Carryover Worksheet
Prior C Corp Net Operating Loss Carryover Worksheet
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Taxed1
Level 1
02-25-2024
10:42 PM
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How do I show a prior C Corp NOL Carryover on a 1120-s? I can't find what I need on the Schedule D, nor can I show this on the State (WI) which would be Form 4BL. Any knowledge of how I can get this to generate would be helpful.
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Terry53029
Level 14
02-26-2024
10:13 AM
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NOL is not relevant to a S Corp. I believe you have to track an NOL from C Corp outside of ProSeries,
sjrcpa
Level 15
02-26-2024
10:34 AM
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An NOL could be relevant to an S Corp for Built in Gains Tax.
Or if it later becomes a C Corp again.
The more I know, the more I don't know.
