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how do I use an NOL

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Hello,

I have a NOL carry forward from 2013. I've never had one & don't know how to use it. The tax payer has a small profit in 2014. Can I deduct the carry forward from net profit & carry forward the balance? Please help.

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Level 15
Level 15

You should have a Carryover Worksheet that you can input that figure from 2013 in and the program will carry whats left to the next year. (my screen shot is from 2018,but it should be there in all years)

nolcarryover.png

 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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1 Reply 1
Highlighted
Level 15
Level 15

You should have a Carryover Worksheet that you can input that figure from 2013 in and the program will carry whats left to the next year. (my screen shot is from 2018,but it should be there in all years)

nolcarryover.png

 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post