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    • Created with Sketch. See what's trending for the upcoming tax season. View ProSeries Hot Topics.
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    Sch F has -6749 loss. Other income is 16320 gambling. Itemized deductions are 23102 including 16320 gambling loss. Is there a NOL?

    ratherfarm
    Level 2
    ‎02-21-2022 01:57 PM
     
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    3 Comments 3
    jeffmcpa2010
    Level 11
    ‎02-21-2022 02:04 PM

    Check the NOL Worksheet. 

    ratherfarm
    Level 2
    ‎02-21-2022 08:24 PM

    I have proseries basic not professional  so i cant check the worksheet.   Im retired and I only do a couple farmers and less than 20 returns.   My manual worksheet says no  nol.

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    sjrcpa
    Level 15
    ‎02-21-2022 09:09 PM

    I agree. No NOL.

    The more I know, the more I don't know.






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