cthomas428
Level 2

In 2022, Client had a Foreign Earned Income Exclusion that zeroed out his salary. He also had a $12,000 rental loss.

In 2023, ProSeries is carrying forward the $12,000 rental loss as a NOL carryover. Is this correct?

0 Cheers
sjrcpa
Level 15

Yes that is an NOL.


Ex-AllStar
cthomas428
Level 2

Thanks for the quick reply

sjrcpa
Level 15

You're welcome.


Ex-AllStar
0 Cheers