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Sch F has -6749 loss. Other income is 16320 gambling. Itemized deductions are 23102 including 16320 gambling loss. Is there a NOL?

ratherfarm
Level 2
 
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3 Comments 3
jeffmcpa2010
Level 11

Check the NOL Worksheet. 

ratherfarm
Level 2

I have proseries basic not professional  so i cant check the worksheet.   Im retired and I only do a couple farmers and less than 20 returns.   My manual worksheet says no  nol.

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sjrcpa
Level 15

I agree. No NOL.


Ex-AllStar