cooganjr
New Member

Inherited Schedule C business in mid-Dec 2016 -- 1) filing 2016 Sched C if no income/expenses yet? 2) do I carry forward their NOL?

Reposting as question cut off before:  Relative had Schedule C business that I inherited and owned only last two weeks December 2016.  1) I'll file a 2017 Schedule C, but if no income/expenses for business in last two weeks 2016, do I need to file Sched C for last two weeks 2016?  2) Relative had Net Operating Loss (NOL) with business/Schedule C -- does it die with them or do I carry the NOL forward against MY taxes/Schedule C?