- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
a schedule C loss might not result in an NOL which is what gets carried forward assuming you made a carryforward election included with your 2019 return. Otherwise, the NOL must be carried back 5 years to 2014. then any unused NOL is carried forward to subsequent years.
so first use schedule A of form 1045 to see if you have a 2019 NOL.
‎October 20, 2022
4:33 PM
355 Views