Re: Am I required to include/use past years' NOL from my very small business? Or can I just use this year's much smaller NOL & carry that forward?

Am I required to include/use past years' NOL from my very small business? Or can I just use this year's much smaller NOL & carry that forward?

I'm asking because the past carryovers are so much greater now than I'll probably ever have as profit.

posted

Is this on a 1040 (such as Schedule C)?

If so, is there any other income on the 1040?

Are you SURE this is a business? Many years of having a loss MIGHT put the determination of a "business" in doubt.

My K-1 has two amounts for Box 17, AJ, aggregate business income, and aggregate business deductions. How to I enter these in Turbotax?

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Am I required to include/use past years' NOL from my very small business? Or can I just use this year's much smaller NOL & carry that forward?

Am I required to include/use past years' NOL from my very small business? Or can I just use this year's much smaller NOL & carry that forward?

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Am I required to include/use past years' NOL from my very small business? Or can I just use this year's much smaller NOL & carry that forward?

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Am I required to include/use past years' NOL from my very small business? Or can I just use this year's much smaller NOL & carry that forward?

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