TT H&B 2020. Bottom of the business section overview: Less Common Business Situations/Net Operating Loss; its looking for any 2019 NOL carryover. I guess I don't know what this refers to. I have a rental property dealing with carryover losses via Schedule E. Is this different than that? If so, why doesn't it say so? Of not, why doesn't it say so?
I also have a sole proprietor business that did not show a loss.
Is this asking about A) all business loss carryovers including Schedule E carryovers, which are already reported, B) all business loss carryovers excluding Schedule E carryovers, or C) any "top-level" *individual* (in this case married-filing-jointly) NOL carryovers? And if C), why is it in the business section?
