C-corp

[rwm221]

I have a client that was talked into forming a c-corp for her part-time real estate business. She has not sold a home yet and the C-Corp has a nol of $11,000. I was thinking of amending her 2019 C-corp and make it the final one. Then just do a schedule C for her business. Question 1 would this work? Question 2 could I bring over the $11,000 of nol.

As Always Thanks for the Help.

[Anarchrist]

Did she operate the business through the corporation?

Are you asking if the NOL can be transferred to the Sch C? If so, no. She may have a capital loss on her stock in the corporation.