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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 Replies 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.


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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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