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DavidCPA
Level 3
October 4, 2020
Question

Entering a New Jersey NOL Carryover from 2018 to 2019 originating from Form NJ-BUS-2

  • October 4, 2020
  • 1 reply
  • 10 views

Where do I enter a New Jersey NOL Carryover from 2018 to 2019 originating from Form NJ-BUS-2

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1 reply

itonewbie
itonewbie
Level 15
October 5, 2020

Click on Income > Net Operating Loss > Federal Net Operating Loss and scroll down the 2019 NOL Worksheet section.  There, you'll find the line for Loss carryforward from prior year Form NJ-BUS-2 {NJ}.

[Edited: Just noticed question is relating to individual instead of corporate returns]

---------------------------------------------------------------------------------Still an AllStar
    D
    DavidCPAAuthor
    Level 3
    October 5, 2020

    Hi itonewbie,

    Thank you for you quick and accurate response. It was very helpful!

    Much Appreciated!

    Dave

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