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Level 1
February 26, 2024
Question

Prior C Corp Net Operating Loss Carryover Worksheet

  • February 26, 2024
  • 1 reply
  • 10 views

How do I show a prior C Corp NOL Carryover on a 1120-s?  I can't find what I need on the Schedule D, nor can I show this on the State (WI) which would be Form 4BL.  Any knowledge of how I can get this to generate would be helpful.

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1 reply

Intuit Community Champion
February 26, 2024

NOL is not relevant to a S Corp. I believe you have to track an NOL from C Corp outside of ProSeries,  

sjrcpa
Level 15
February 26, 2024

An NOL could be relevant to an S Corp for Built in Gains Tax.

Or if it later becomes a C Corp again.

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