Skip to main content
S
sbolen
Level 3
September 8, 2023
Question

How do I elect to carry a Schedule C loss forward to next year's return?

  • September 8, 2023
  • 2 replies
  • 17 views

I'm a ProSeries Basic user.  How do I elect to carry a Schedule C loss forward to next year's return?

This topic has been closed for replies.

2 replies

abctax55
abctax55
Level 15
September 8, 2023

You don't.

You carryforward a NOL, which may or may not occur if there's a Sch C loss.   It depends on the other income reported on the tax return.

HumanKind... Be Both
    PATAX
    PATAX
    Level 12
    September 8, 2023

    And to add to ABC comment, I think that nol on the return is automatically carried forward to the next year if my memory serves right.

      IRonMaN
      IRonMaN
      Level 15
      September 8, 2023

      I think you need a few of those extra Georgia electors to make that election work.

      Slava Ukraini!
        PATAX
        PATAX
        Level 12
        September 8, 2023

        @IRonMaN or maybe it may work like the alleged election campaign irregularities when dead people allegedly casted ballots and other alleged shenanigans when JFK defeated Nixon???

          IRonMaN
          IRonMaN
          Level 15
          September 8, 2023

          Since they are both dead, technically, dead people would be allowed to vote for them.

          Slava Ukraini!
            Terms & ConditionsAccessibility statement
            Tax software
            Intuit Lacerte Tax
            Intuit ProConnect Tax
            Intuit ProSeries Tax
            Referral Program
            Workflow add-ons
            Intuit Tax Advisor
            Hosting for Lacerte & ProSeries
            eSignature
            Protection Plus
            Pay-by-Refund
            Intuit Link
            Accounting solutions
            QuickBooks Online Accountant
            QuickBooks Accountant Desktop
            EasyACCT
            Training & support
            Training Center
            Learn & Support
            Resources for starting a tax practice
            Tax Pro Center
            How to get started offering advisory services
            Call Sales: 833-564-8436
            Sitemap
            Turbotax icon creditkarma icon QuickBooks icon Mailchimp icon
            About Intuit Join Our Team Press Room Affiliates and Partners Software and Licenses

            © 2026 Intuit Inc. All rights reserved.

            Intuit, QuickBooks, QB, TurboTax, ProConnect, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

            By accessing and using this page you agree to the Terms and Conditions.

            Terms and Conditions About cookies Manage cookies
            Legal Privacy Security
            TRUSTe
            Products
            T1 Tax Module
            T2/CO-17 Tax Module
            T3 Tax Module
            T4, T5 & Other Tax Forms
            Tax Suites
            Single Returns (OnePay)
            ProFile 20
            QuickBooks Online Accountant
            Pricing
            Pricing & bundles
            Free trial
            Learn
            Getting started
            Training
            Webinars & events
            Support
            Download & activate
            Community & support
            System requirements
            Refer a friend
            Call sales: 1-844-861-3600
            Manage cookies

            © 2026 Intuit Inc. All rights reserved.

            Intuit and QuickBooks are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

            Legal Privacy Contact Contact
            Logiciels
            Logiciel d’impôt T1
            T2/CO-17 Tax software
            Logiciel d’impôt T3
            T4, T5 et autres formulaires fiscaux
            Suites Fiscales
            PayezPourUN
            ProFile 20
            Signature Intuit pour ProFile
            QuickBooks en ligne Comptable
            Prix
            Prix et offres groupées
            Essai gratuit
            Apprentissage
            Démarrage
            Formation
            Webinaires et événements
            Soutien
            Télécharger et activer
            Communauté et soutien
            Exigences système
            Recommandez un ami
            Appeler les ventes : 1 800 943-9834
            Paramètres des témoins

            © 2026 Intuit Inc. Tous droits réservés.

            Intuit et QuickBooks sont des marques déposées d’Intuit, Inc. Les modalités, les fonctions, le soutien, les prix et les options de service peuvent être modifiés sans préavis.

            By accessing and using this page you agree to the Terms and Conditions.

            Nos offres d’emploi Contactez nous Renseignements juridiques Confidentialité