How do I do a loss carryback for 1120S?
How do I do a carryback on loss for 1120S?
1
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cKnv-I1Hmr3QjyacfA8pyY
11/20/09 12:31pm PST
Viewed by asker 11/20/09 1:22pm PST
Viewed by asker 11/20/09 1:22pm PST
8 Replies
IRMN
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Accountant Community AllStar
Advisory council of Accountant community power users.
11/20/09 12:37pm PST
You don't ----- the loss flows to the shareholders' 1040.
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ArchieLeach
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Accountant Community AllStar
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11/20/09 12:43pm PST
My God, the questions we're getting today! Is it a halfway house holiday or something?
"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; its inherent virtue is the equal sharing of misery." ~ Winston Churchill
IRMN
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Accountant Community AllStar
Advisory council of Accountant community power users.
11/20/09 12:45pm PST
Consider them a Friday gift ------------------- you don't have to do a lot of thinking to come up with the answers.
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Accountant Man
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Accountant Community AllStar
Advisory council of Accountant community power users.
11/20/09 1:29pm PST
du du du du du du du du....
Imagine if you will...
If you use Pro Series Basic I might not be able to help you. If you use Turbo Tax I might refuse to help you. All others, watch out! ;-)
IRMN
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Accountant Community AllStar
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11/20/09 1:32pm PST
Sounds like Rod Serling is back
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ArchieLeach
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Accountant Community AllStar
Advisory council of Accountant community power users.
11/21/09 9:35am PST
Or then again, maybe he don't. Tennessee, jes' like Texas, got its own set of grammatical rules
"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; its inherent virtue is the equal sharing of misery." ~ Winston Churchill
Mt Juliet CPA
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Accountant Community AllStar
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11/21/09 3:11pm PST
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well us here hillbillies in Tennessee have a definite lingo
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