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 a New Jersey business carryforward NOL in TaxSlayer ProWeb, from the New Jersey Tax Return Menu select:
- Income Subject to Tax
- NJ Alternative Business Income/Loss from Business- Enter the amount here.
Additional Information: