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pro series basic does not support at risk limitations

ratherfarm
Level 2

how does this impact my return with a farm loss?  I assume this does not impact the loss carryforward?

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2 Replies 2
TaxGuyBill
Level 14

Is the taxpayer fully "at risk"?  In most cases, that would be the case for a Sole Proprietor, in which case you don't need the At Risk form.

What carryforward?  Does the loss create a Net Operating Loss (NOL)?

ratherfarm
Level 2

yes a NOL

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