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- Re: NOL originated by Charitable Contributions for individuals who do not itemize deductions on 2020
NOL originated by Charitable Contributions for individuals who do not itemize deductions on 2020
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RosaG
Level 1
03-02-2022
12:08 PM
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On a 2021 Return, I have a NOL $300 on Sch 1 Line 8a, this was originated on 2020 return because the 300 dlls charitable contribution on line 12 b that plus the standard deduction gave a Zero Taxable income. My question is: this NOL is legitimate or is it an error?
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sjrcpa
Level 15
03-02-2022
12:28 PM
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IMO it is an error.
The more I know, the more I don't know.
