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NOL Losses Carry Forward

Jerry C
Level 3

Where Do I put prior years (11 Years worth) Of loss carry forwards.

I know there is a Federal Carry forward worksheet for State and local taxes and below that are loss carry fwd for Short and Long term capital losses with adoption credit/ carry fwd

But where do I list the years and losses so it appears under Other Income on the 1040

This is a new client for me

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1 Solution

Accepted Solutions
dkh
Level 15

 @Jerry C  is this what you're asking about?  Unfortunately there is no way to get this info to carryforward each year.  I use  cut & paste to save time and prevent typing errors.NOL CARRYFORWARD.jpg

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4 Comments 4
Just-Lisa-Now-
Level 15
Level 15
Carryover Worksheet Line 14 is for NOL. I dont think ProSeries has a sheet that shows all the years individually.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
dkh
Level 15

 @Jerry C  is this what you're asking about?  Unfortunately there is no way to get this info to carryforward each year.  I use  cut & paste to save time and prevent typing errors.NOL CARRYFORWARD.jpg

Jerry C
Level 3

Thank you very much!  This is exactly what I was looking for. I Just overlooked Line 14

Jerry C
Level 3

Thank you. I just overlooked Line 14

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