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Business & farm
If your LLC taxed as a partnership had losses in 2021 and 2022, then you should have received a Form K-1 for each year that showed the loss. Unless it was a passive loss, each year that loss would have offset other income reported on your tax return or created a Net Operating Loss. If it created an NOL you should have prepared an NOL Worksheet to show to include with your tax return to show the amount you were carrying forward.
If you are referring to an NOL for 2021 and 202, you will need to file amended returns for 2021, 2022, and 2023 to show your NOL Carry Forward each year and to deduct the usable NOL on the 2023 return.
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‎April 14, 2025
8:20 PM