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 Return menu select:
- Income Subject to Tax
- Net Profits from Business
- NJ Alternative Business Income (Loss) - Enter the amount here.
Additional Information:
New Jersey State Tax Information
NJ DOT: Income Tax Forms & Instructions
TaxSlayer Pro strives to keep the information on this page timely and accurate but makes no promise or guarantee about the timeliness, accuracy, or completeness of the contents of this page. This is general information and is not intended to be tax advice. You are encouraged to also review the underlying state resources and publications.