1040NR Loss Carryforward?

Technical topics regarding tax preparation.
#1
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28-Feb-2015 4:13pm
Location:
Virginia
Nonresident alien owns part of an LLC that has generated losses every year so they never filed a personal return with the US. In 2020 it finally showed a profit.

For a 1040NR, if they filed the previous years showing the losses, would that loss carry forward to the year of income and offset against the current year income?
 

#2
Posts:
99
Joined:
28-Feb-2015 4:13pm
Location:
Virginia
For anyone else running into this same issue, I found this letter: https://www.irs.gov/pub/irs-wd/1228013.pdf
 


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