tina3
Level 1
how to enter nol carryover on s corp
0 Cheers
IRonMaN
Level 15

No such critter.  Income and losses flow through to the shareholders so they don't exist inside a Sub S.


Slava Ukraini!
sjrcpa
Level 15

Are you sure you have one? It is only relevant if it was formerly a C Corp and will be used in the built in gain calculation.


Ex-AllStar
Karl
Level 8
Level 8

Do you possibly mean at the state level? I'm in CA, and we have a franchise tax on S-Corps. So we have state NOL's, and they go on screen 43.012

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