tina3
Level 1
02-12-2020
06:38 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
how to enter nol carryover on s corp
Labels
IRonMaN
Level 15
02-12-2020
06:39 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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
02-12-2020
06:40 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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
03-12-2022
09:57 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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
*If this (or another answer/reply) solves your problem, please click "Accept as Solution" to get this post out of the "Unanswered" queue of posts.*