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    pro series basic does not support at risk limitations

    ratherfarm
    Level 2

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

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    2 Comments 2
    TaxGuyBill
    Level 15

    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)?

    ratherfarm
    Level 2

    yes a NOL

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