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Level 1
February 13, 2020
Question

How to enter nol carryover on s corp

  • February 13, 2020
  • 3 replies
  • 11 views
how to enter nol carryover on s corp
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3 replies

IRonMaN
Level 15
February 13, 2020

No such critter.  Income and losses flow through to the shareholders so they don't exist inside a Sub S.

Slava Ukraini!
sjrcpa
Level 15
February 13, 2020

Are you sure you have one? It is only relevant if it was formerly a C Corp and will be used in the built in gain calculation.

The more I know the more I don’t know.
Intuit Community Champion
March 13, 2022

Do you possibly mean at the state level? I'm in CA, and we have a franchise tax on S-Corps. So we have state NOL's, and they go on screen 43.012

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