Right I recall this thread. @AmeliesUncle believed I had a NOL, but prior year NOLs were lost b/c I had not filed the paperwork in time. See below.
Now I am talking about a NOL generated in 2022. And specifically do I deduct the entire 2022 NOL ($2500) or just up to the amount of rental income I generated ($1750). In the latter case, the remaining NOL ($750) would be carried forward.
I agree with Tagteam. In my opinion, it is a NOL. That means the loss is NOT carried forward on 8582 and that you are too late to carry back the NOL.
September 28, 2023 12:16 PM
