Farm NOL

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  • nypreparer
    Member
    • Jan 2022
    • 51

    #1

    Farm NOL

    I'm looking at a past year return with a Schedule F and it shows the NOL of -$69,484 on line 8 of the front page and brings the AGI to -$39,443. This is flowing from Schedule 1 line 8 where the preparer wrote NOL -$54,918 along with the current year loss of -$14,566. Is this correct?
  • dmj4
    Senior Member
    • Sep 2005
    • 209

    #2
    What year is the return you are looking at?

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    • nypreparer
      Member
      • Jan 2022
      • 51

      #3
      I am looking at TY 2020.

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