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How to enter nol carryover on s corp

tina3
Level 1
how to enter nol carryover on s corp
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2 Replies 2
IRonMaN
Level 15

No such critter.  Income and losses flow through to the shareholders so they don't exist inside a Sub S.

ACME Taxes, Tatoos, Tires and Tomatoes (I had to get rid of the turtles - they kept running away)
sjrcpa
Level 15

Are you sure you have one? It is only relevant if it was formerly a C Corp and will be used in the built in gain calculation.


ex-AllStar