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Level 2
March 26, 2023
Question

Can anyone tell me where to enter a Cincinnati NOL?

  • March 26, 2023
  • 2 replies
  • 13 views
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2 replies

itonewbie
Level 15
March 26, 2023

Under Income > Net Operating Loss > Federal Net Operating Loss, you'll see the line State NOL carryover, if different (-1=none) {}.  Make sure you code your entry to CT.

I know CA has its own input screen under Income > Net Operating Loss but not CT.

---------------------------------------------------------------------------------Still an AllStar
Level 2
March 26, 2023

I saw that, but that is state, I'm looking for Cincinnati, which is an OH local.  

itonewbie
Level 15
March 26, 2023

Oops.  Sorry I misread the question.  Don't know what I was thinking...

---------------------------------------------------------------------------------Still an AllStar
sjrcpa
Level 15
March 26, 2023

Does your software have a Schedule R?

I picked up a new client that has Athens, OH NOLs. Tax return copy from prior accountant shows it on a Schedule R. Fortunately this return is going on extension and I know none of those NOLs are usable for this nonresident of Ohio so I will worry about it after April 18.

The more I know the more I don’t know.