My client has a NOL carried over from 2022. He has a NOL for 2023. Do I show carryover on line 8a of Schedule 1 (to be reflected on line 8 Form 1040 or strictly the current loss on line 6 of Schedule 1?
Thank you!
Reading my prior message, it doesn't make a whole lot of sense.
My question is...do I report the entire amount of NOL to be carried forward to date on Form 1040?
