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R
ratherfarm
Level 3
February 25, 2021
Question

pro series basic does not support at risk limitations

  • February 25, 2021
  • 1 reply
  • 9 views

how does this impact my return with a farm loss?  I assume this does not impact the loss carryforward?

This topic has been closed for replies.

1 reply

T
TaxGuyBill
Level 15
February 25, 2021

Is the taxpayer fully "at risk"?  In most cases, that would be the case for a Sole Proprietor, in which case you don't need the At Risk form.

What carryforward?  Does the loss create a Net Operating Loss (NOL)?

    R
    ratherfarmAuthor
    Level 3
    February 25, 2021

    yes a NOL

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