Sch F has -6749 loss. Other income is 16320 gambling. Itemized deductions are 23102 including 16320 gambling loss. Is there a NOL?

ratherfarm · ‎02-21-2022

jeffmcpa2010 · ‎02-21-2022

Check the NOL Worksheet.

ratherfarm · ‎02-21-2022

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.

sjrcpa · ‎02-21-2022

I agree. No NOL.

The more I know the more I don’t know.

Sch F has -6749 loss. Other income is 16320 gambling. Itemized deductions are 23102 including 16320 gambling loss. Is there a NOL?

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