C-Corp Unused NOL - Spidell

C-Corp Unused NOL

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Message Board C-Corp Unused NOL

This topic contains 1 reply, has 2 voices, and was last updated by Renee Rodda 1 week, 4 days ago.

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  • #179659
    Peter Ellena
    Participant

    Client started a C-Corp 6 years ago to run a small side business with big dreams.  Unfortunately those dreams never materialized and client ended up with NOL carryovers of about $50,000.  Now the client has finally come to their senses and decided to dissolve the C-Corp.  Do the NOL’s just die with the C-Corp or can they somehow be written off on the personal return of the shareholder?  Capital Loss?  Personal NOL?  Anything?

    Thanks.

     

     

  • #179664
    Renee Rodda
    Participant

    Unfortunately the unused NOLs die with the corporation.