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Can i file a tax carry back loss on NOL for NYS, i owe for
can i file a tax carry back loss on NOL for NYS, i owe for 2014 and had a NOL of $7800 for 2016 … read more
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On line 41 of my 2014 1040 it shows -$19,843. Is this my net
On line 41 of my 2014 1040 it shows -$19,843. Is this my net operating loss? I need to prepare a 1040x to amend my 2015 tax return and carry forward my NOL from 2014, yet I'm very confused about deter… read more
Lev
Lev
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I haven't filed returns since 2013. In 2012, I have AGI of
Hello: I haven't filed returns since 2013. In 2012, I have AGI of $1,412,78. In 2013 (filed) I had AGI of $431,870. In 2In 2014, I had AGI of -$164,881 (including a loss of $177,233 on a rental home).… read more
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Decedent died in 2009. Reverse mtg was paid in full by
Decedent died in 2009. Reverse mtg was paid in full by estate in 2014. The estate also manages an apt building with profit of $30k in 2014. The reverse mtg interest was $80k. What happens to the exces… read more
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Oh, I had a loss from a sale of a business in 2015 and my
I had a loss from a sale of a business in 2015 and my total income was negative 80,144 … read more
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I have an S Corporation that had a large net loss in 2015,
I have an S Corporation that had a large net loss in 2015, and income in 2016. Can I carryforward the net loss into my 2016 personal tax return? … read more
Stephen G.
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I have a question regarding casualty losses. Status: Married
I have a question regarding casualty losses.Status: Married filing jointly. State: TexasIn 2015, our combined taxable income was $146,811.In August of that year, we had a fire that destroyed a 3400 sq… read more
Mark Taylor
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NC Tax Question - Taxpayer is a NC resident and on their
NC Tax Question -Taxpayer is a NC resident and on their 2015 tax return as a NOL that they would like to carryback to 2013. We completed the 1045 for IRS to apply the 2015 NOL.1. How do I handle the N… read more
Robin D.
Robin D.
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Can I amend my 2014 tax to include announcing to carry
Can I amend my 2014 tax to include announcing to carry forward an NOL from that year? … read more
Mark Taylor
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I am an individual in an unfortunate and unique tax
I am an individual in an unfortunate and unique tax circumstance. The situation can be described as being a wishful thinker for success and having an utter fear of tax inequality and maltreatment from… read more
Stephen G.
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Stephen,I have an NOL filing question. I have a single
Hi Stephen,I have an NOL filing question. I have a single member LLC who files a ;Schedule C. He has an NOL in 2013 and 2014. I know time has lapsed for filing a 2013 loss carryback. So I plan to file… read more
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Stephen G.
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I'm ***** *****. My wife and I, joint return filers, had a
I'm ***** ***** Mason. My wife and I, joint return filers, had a large S-Corp NOL. I'm working on completing Form 1045. For the 2nd preceding year; I completed the Before Carryback column and went on … read more
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My daughter had a partnership that was dissolved in 2014.
Customer: ***** *****, My daughter had a partnership that was dissolved in 2014. She had a huge loss on her K1 that year. She was a 51% general partnet. The loss was from 3 bakeries that she had opera… read more
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Please advise..... Taxpayer had a NOL in 2013, but did not
Please advise..... Taxpayer had a NOL in 2013, but did not take the carryback for 2011 and 2012, nor did he elect to waive the carryback. This issue is being identified now, when preparing the 2014 ta… read more
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I am trying to carryback a 2013 NOL. My only sources of income
I am trying to carryback a 2013 NOL. My only sources of income are from my business which made money in 2011 and lost money this year and my rental real estate business, which had passive losses both … read more
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Lev
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Can I file a 1045 in the next few days for NOL carryback for
Can I file a 1045 in the next few days for NOL carryback for tax year 2013, and carry this back to 2012 and 2011, or did the deadline pass yesterday… read more
Lev
Lev
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A client of mine has a carryback loss derived from a casualty
A client of mine has a carryback loss derived from a casualty loss which was declared a federal disaster. I understand that normally NOLs are carried back 2 years but a casualty loss carryback is elig… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I filed form 4797 in 2012 and it carried a loss to line 14
I filed form 4797 in 2012 and it carried a loss to line 14 of my 1040 greater than my income. I appear to have a NOL, but do not know how to carry back the loss to previous years or carry it forward. … read more
Tax.appeal.168
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