Skip to main content
Level 4
April 2, 2021
Question

Ohio City NOL Carryover

  • April 2, 2021
  • 1 reply
  • 10 views

Hello again,

 

I need to carryover an NOL from the previous year on the client's individual Cincinnati income tax return. I see where it goes on the city's worksheet, but cannot find the appropriate field in which to enter the value for Worksheet B.

There is no NOL for Federal or State purposes, just for rental properties in Cincinnati (the only activity in the jurisdiction). 

This topic has been closed for replies.

1 reply

Level 6
April 2, 2021

On screen 54, go to the section for deductions. There will be an area for loss carryforward where you can enter the city NOL. Initial loss and unused carryforward