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Credits with a NOL and no other income in2022

I have a client who lost everything in 2022. Her only income was from her LLC which was robbed before she even got started. Therefore she had a total NOL of ($37,000) on line 31 Sch. C. 

Line 1 shows $35,000 in receipts but expenses eat that up and more. I have never done a return like this where the person had no other income. I am unsure on what credits she can claim with one child age 6.  This is an amended return as the IRS sent her original back. It had many errors. 

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2 Replies
rjs
Level 15
Level 15

Credits with a NOL and no other income in2022

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If the IRS sent back the client's tax return without processing it, you should probably be filing a corrected original return, not an amended return.

 

Credits with a NOL and no other income in2022

I left some parts out as they were rediulous and did not pertain to my question.  It is an amended now. 

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