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- NOL carryover from prior year in addition to current NOL
NOL carryover from prior year in addition to current NOL
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pacoford
Level 4
02-26-2024
12:03 PM
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My client has a NOL carried over from 2022. He has a NOL for 2023. Do I show carryover on line 8a of Schedule 1 (to be reflected on line 8 Form 1040 or strictly the current loss on line 6 of Schedule 1?
Thank you!
1 Comment 1
pacoford
Level 4
02-26-2024
01:48 PM
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Reading my prior message, it doesn't make a whole lot of sense.
My question is...do I report the entire amount of NOL to be carried forward to date on Form 1040?
