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- Re: 1041 loss for 2020. Program not showing the loss forward. or on the NOL form or anywhere. Shouldn't it be showing?
1041 loss for 2020. Program not showing the loss forward. or on the NOL form or anywhere. Shouldn't it be showing?
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vita
Level 1
03-05-2021
11:59 AM
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Program not showing the loss forward. or on the NOL form or anywhere. Shouldn't it be showing?
I did select to carry loss forward and not back.
Vita
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1 Comment 1
sjrcpa
Level 15
03-05-2021
12:01 PM
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A loss on a 1041 is not necessarily an NOL.
Is the entity conducting a business?
The more I know, the more I don't know.
