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where do I put loss and expense items line 15 carryforward of prior losses from 1020S K1 onto form 1040

ev1921
Level 1
 
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2 Comments 2
IRonMaN
Level 15

A Sub S doesn't have loss carryovers.  An individual may have loss carryovers generated from an 1120S, but a Sub S never does.


Slava Ukraini!
abctax55
Level 15

Or maybe there are "losses limited due to basis restrictions" carried over on the individual return, but Jeff is (again, still) correct.   

The 1120-S doesn't have loss carryovers.

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