How do I elect to carry a Schedule C loss forward to next year's return?

[sbolen]

I'm a ProSeries Basic user.  How do I elect to carry a Schedule C loss forward to next year's return?

[abctax55]

You don't.

You carryforward a NOL, which may or may not occur if there's a Sch C loss.   It depends on the other income reported on the tax return.

[IRonMaN]

I think you need a few of those extra Georgia electors to make that election work.

[PATAX]

And to add to ABC comment, I think that nol on the return is automatically carried forward to the next year if my memory serves right.

[PATAX]

@IRonMaN or maybe it may work like the alleged election campaign irregularities when dead people allegedly casted ballots and other alleged shenanigans when JFK defeated Nixon???

[IRonMaN]

Since they are both dead, technically, dead people would be allowed to vote for them.