Hey Guys,
How do I transfer NOL carryovers from my sole proprietorship to a C Corp that I established. I am trying to convert sole proprietorship into a C Corp and would not want to lose NOLs accumulated at sole proprietorship level.
Many thanks!

If a sole proprietorship converts to an C corp, any NOL carryovers it had at the time of conversion cannot be used. NOLs generated by a disregarded entity ,i.e.,a smllc not electing to be taxed as a corp or an individual who operates a trade or business as a sole proprietorship are applied at the individual level; I mean once you incur a loss in your unincorporated business ,as mentioned above, you may deduct the loss from your other sources of income reported on Form 1040.

Wnhough many thanks for your reply and sharing your knowledge!