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My client withdrew a large amount of his retirement resulting in his taxable income being taxed at a much higher rate (24% vs.10%). The reason he withdrew was d...
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Reading my prior message, it doesn't make a whole lot of sense.My question is...do I report the entire amount of NOL to be carried forward to date on Form 1040?
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My client has a NOL carried over from 2022. He has a NOL for 2023. Do I show carryover on line 8a of Schedule 1 (to be reflected on line 8 Form 1040 or strictly...
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I have the same question. I will await a response. Thank you!
