I have a 1099-C and an NOL from Schedule E. Without the NOL, I would owe no tax as my income is only the 1099-C. If taxable it would be a few hundred dollars. With the NOL, all of the 1099-C is being deducted from my NOL. Is it necessary to document the carryover every year or only in the years that the NOL is used to offset profit on the rental.
