Hey all, I am working on a 2019 Form 1040 in ProSeries Professional. I have a new client who has prior year NOL carryforward and for the life of me, I cannot find the worksheet to enter this NOL for each year they were incurred. I see where I can enter the total number, but I need to separate it out. I've tried searching but just get the instructions for software that isn't ProSeries or just the lump number.
Any help is appreciated! Thank you!
Solved! Go to Solution.
That's what I was fearing. So based on your screen shot, do I put the carryforwards all in that 2019 line and then it should populate 2020 itself right? or is that carrying forward TO 2020 that goes in there?
Be careful with the supporting statements, I have been led to believe that they are not necessarily transmitted with the return.
Any statement that I wish to be transmitted with the return I put in "Preparer Notes"
The heading actually says "for electronic filing use only"
f6 then type pn and it will bring it up.