Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

How/where do I enter 2019 NOL carryforwards for a spouse's Sched C business?

jaclyn1
Level 1
I know where the loss carryforward worksheet is but there is not option to attach it to the spouse. It only allows you to enter it under the Taxpayer column.
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Comment 1
George4Tacks
Level 15

Is this a MFJ return? If so, it is a joint NOL, regardless of the Schedule C that may have generated the large loss. The NOL is not tied to the Schedule C, but rather the tax return. 

Was the election filed to carry the loss forward? 


Here's wishing you many Happy Returns