mike061
Level 2
05-15-2021
07:28 PM
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This is actually my very first year as a preparer Lisa and I am full of questions. I am trying to track things on an excel spread sheet to develop an understanding of what pro-series is actually doing. Now that you mentioned that the loss should flow to (Schedule 1 line C) I was able to reverse engineer and see what was going on. This client had a second company with positive income. Pro-series used the loss generated by the first company to offset the positive income of the second company. Thanks so very much! You rock.