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
- :
- Re: NC D-400 Net Operating Loss Carryforward
NC D-400 Net Operating Loss Carryforward
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
tscott
Level 3
10-05-2023
08:07 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Why does the NC Individual program (D-400) not carry the prior year loss forward as a deduction on Supplemental Schedule Line 39. It adds it back to NC income (on line 7 D-400 Sch S) but does not deduct in on line 39 D-400 Sch S?
Labels
2 Comments 2
Terry53029
Level 14
10-05-2023
08:19 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Don't do NC, but took a quick look, and it seem to be able to deduct carryover loss it must be less than taxable income for the year. Here is link for you to research.
