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February 10, 2020
Question

I imported a qualified business loss carry forward from the previous year and I would like to get back to that spot. Can you help me locate that in Sch C?

  • February 10, 2020
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1 reply

ColeenD3
February 10, 2020

Schedule C business losses are not carried forward. Did you have an NOL? 

When you carry forward your NOL to a tax year after the NOL year, you will list your NOL deduction as a negative figure on the “Other income” line of Form 1040.