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Level 1
June 16, 2021
Question

How/where do I enter 2019 NOL carryforwards for a spouse's Sched C business?

  • June 16, 2021
  • 1 reply
  • 12 views
I know where the loss carryforward worksheet is but there is not option to attach it to the spouse. It only allows you to enter it under the Taxpayer column.
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1 reply

George4Tacks
Level 15
June 16, 2021

Is this a MFJ return? If so, it is a joint NOL, regardless of the Schedule C that may have generated the large loss. The NOL is not tied to the Schedule C, but rather the tax return. 

Was the election filed to carry the loss forward? 

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