A New Jersey taxpayer filing Schedule NJ-BUS-2 may be eligible to claim a loss carryforward from a prior year. New Jersey taxpayers must keep track of any unused losses that are carried forward. Unused losses can be carried forward for up to 20 years.
To enter New Jersey business carryforward NOL in TaxSlayer Pro, from the New Jersey Tax Return Menu select:
- Taxable Income
- Alternative Business Carryover Loss
Additional Information: