Beachkids5
Level 3
05-02-2022
10:45 AM
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If someone had AGI of -72027 and standard deduction of 27,400, what is the NOL to carryforward?
Is it 72027 or 99427.
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TaxGuyBill
Level 15
05-02-2022
11:11 AM
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Maybe neither.
You indicated you are using ProSeries Professional, and that should calculate the NOL for you.
Level 15
05-02-2022
11:21 AM
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Look at the carryover worksheet, it should show the NOL.
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Beachkids5
Level 3
05-02-2022
11:25 AM
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thank you. I failed to say I didn't do the return last year and was trying to avoid having to input all the info from 2020, but may have to.