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How do I do a NOL (Net Operating Loss) carryforward? I had
How do I do a NOL (Net Operating Loss) carryforward? I had income $3,000 at line 28 and I had NOL last year of 2017 was $75,500. Can i enter $75,500 at line 29a and calculated line 30 is ?… read more
James Daloisio
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Doctoral Degree
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For the last couple of years,carry forward loss of 140k on
For the last couple of years,carry forward loss of 140k on business for the product developement . But this year I am showing a profit of 45k plus for the year 2019.Do I still need to pay the taxes on… read more
Tax.appeal.168
Tax.appeal.168
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ONLY, Background: Tax year 2012 and 2013 were joint filing.
This question is forCustomerONLYHello Roger,Background: Tax year 2012 and 2013 were joint filing. the couple divorce in year 2014. the wife is my client. she has a business incurred lost that we have … read more
taxmanrog
taxmanrog
Master's Degree
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I LOST ONE MILLION IN 2016 IT WAS A LOAN FOR BUSSINESS AND I
HELLO, I LOST ONE MILLION IN 2016 IT WAS A LOAN FOR BUSSINESS AND I BORROWED 180,000 AND PD BACK 1.1 MILLION , WHICH INCLUDED MY OFFICE AND MONEY DUE FROM COSTOMERS HT THE CREDITOR STOLE ,,,,,, I KNOW… read more
Lev
Lev
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Bachelor's Degree Equivalent
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If I am a Real Estate Professional and have Net Operating
If I am a Real Estate Professional and have Net Operating Losses from Rental Property, how do I report it...is it ok to use Sched E? Can I carry forward the losses and on what form? How many years can… read more
Lev
Lev
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Bachelor's Degree Equivalent
31,921 satisfied customers
I'm filing tax extension today, and I qualify for NOI. I've
I'm filing tax extension today, and I qualify for NOI. I've never applied for NOI before. This year I have $3100 NOI. I want to get quick refund for it. I understand I have to apply, but I dont know w… read more
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I need help with form 1045 for 2017. I am claiming a refund
Hi I need help with form 1045 for 2017. I am claiming a refund of 2015 taxes based on NOL carryback from 2015. … read more
PDtax
PDtax
Certified Public Accountant (CPA)
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I am looking for a forex tax person. Can you refer me to a
hi I am looking for a forex tax person. JA: Have you talked to a tax professional about this? Customer: no JA: Anything else you want the Accountant to know before I connect you? Customer: can you ref… read more
Mark Anderson
Mark Anderson
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Doctoral Degree
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I started a company several years ago as a C-corp and had
I started a company several years ago as a C-corp and had several years of accumulated losses. I later switched to a S corp. the losses continued. … read more
Tax.appeal.168
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I have a investment property that I have rented out years
I have a investment property that I have rented out for many years and when I sell it I will have a 500k loss. I'm told I can offset that loss under section 1231 against my wages and there is a look b… read more
Stephen G.
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Have been trying to file form 1045 carryback to 2012 Believe
have been trying to file form 1045 for loss carryback to 2012 Believe have all the answers, except form 6251 line 11, alternative tax Net operating operating loss deduction, no AMT in loss year… read more
Jonathan Tierney
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Estate had a business loss of $79,500 on its final 2013 1041
Estate had a business loss of $79,500 on its final 2013 1041 tax return. Sole beneficiary is the spouse. When the loss is transferred to spouse's 1040, this results in an NOL. Can the spouse's NOL the… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,653 satisfied customers
My wife and son are 50% owners of a business since 2010.My
My wife and son are 50% owners of a business since 2010.My wife's share of the business losses 2010-1012 were $$127,474 The loss for 2013 was $186,897 for a total loss 2010-2013 of $314,371 Her at ris… read more
Lane
Lane
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Doctoral Degree
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PDtax, You may recall that I just filed a 2012 NY Form
HiCustomer You may recall that I just filed a 2012 NY Form CT-3 for a Fed S Corp and reported a Net Operating Loss. Now I am filing the 2013 NY Form CT-3. The 2013 FTI is far in excess of $10,000. A r… read more
PDtax
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I filed profits and income in the previous years of my business.
I filed profits and income in the previous years of my business. current year is a loss. Can i claw back from IRS last year or prior year (s) income taxes?… read more
Lane
Lane
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Doctoral Degree
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If a business does not identify a NOL carryforward within 6
If a business does not identify a NOL carryforward within 6 months of filing the original tax return. Is it lost? To claim an NOL carryforward do you simply need to attach a statement saying you are c… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
I own 100% stock in a Chapter S corp. My K-1 from the corp.
I own 100% stock in a Chapter S corp. My K-1 from the corp. shows an $18,116 loss for year 2008. I am now completing my 2008 personal ( individual) taxes. I need to know the following: 1. if I can car… read more
Jon Andrews
Jon Andrews
CPA
3,038 satisfied customers
new york city net operating loss carryover...how long can ...
new york city net operating loss carryover...how long can you carry forward this operating loss...20 years… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
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