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    Zwitter153's Avatar
    Zwitter153 Posts: 7, Reputation: 1
    New Member
    		  
    #1

    Mar 11, 2008, 11:48 AM
    NOL Carryforward
    My mother's estate had income of just over $8K t for 2007. It spent over $25K on attorney fees for estate related matters. As such, there will be a huge NOL for 2007, which I intend to carry forward to 2008. If the estate closes in 2008 and there is residual NOL, how do I claim the loss on my 2008 return?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 28, 2008, 01:50 PM
    This is REALLY NOT a question for this forum, because it is a very complex tax question. Best you get a professional opinion from a CPA who is experienced in filing estate tax returns.

    That said, I do not THINK you can claim the loss on your 2008 return, even if you are the executor.
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