taxtime
Level 2

Thank you so much for responding. 🙂 The Carryover Worksheet for 2020 shows a NOL available for carry forward. Unfortunately, this worksheet doesn't show what it's for (student loan interest and/or tuition and fees) and the percentage that was allowed? I could only deduce that it's from those two deductions because the client doesn't have a business. I can't find a form or another worksheet where it shows the breakdown. I've looked at the IRS website for insight on NOL that pertains to the above, but that wasn't much help. 😕 The amount for adjusted gross income in 2019 is -5007, but the NOL available for 2020 is 2796? So for the explanation, I have to list all the important facts pertaining to the NOL. ProSeries customer support tried to help, but they couldn't figure it out either. They said best bet is to try here. HELP!!! 😉

0 Cheers