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Level 3
March 6, 2025
Question

Schedule NOL for MA State S-Corp return not generating

  • March 6, 2025
  • 0 replies
  • 8 views

Carryforward net operating losses are deductible on the S-Corp tax return for Massachusetts and not on the individual tax return, which differs from federal in that it is reported on the personal tax return. After a couple hours of trial and error, I am not able to get the Schedule NOL to print for the MA 355S tax return. I completed the Massachusetts apportionment factors and it is still not triggering. 

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