I have a schedule NC K-1 from a partnership that I’m trying to include in my North Carolina nonresident state tax return.
i’m filing a return because there is a net loss which I want to carry forward.
Trouble finding the right places for the additions and subtractions I’m not ending up with a net loss in the tax summary either.
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OK called sponsor and found that those two go into bonus depreciation.
i’m still concerned that the total tax shows no loss.
In future years, how will these losses be accounted for in TurboTax?
I don’t see how to include an image
values on lines 1,2,3 and six.
All partners addition and subtraction and NC Net loss.
for addition to income, program wants me to link to a work sheet , but then none of the options seem applicable.
similarly for reductions to income, the list of options is not appropriate.
OK called sponsor and found that those two go into bonus depreciation.
i’m still concerned that the total tax shows no loss.
In future years, how will these losses be accounted for in TurboTax?
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