Level 2

Question

5 year NOL carryback

Forum|Forum|5 years ago
April 16, 2021
2 replies
14 views

I'm filing my first NOL carryback for a 2019 loss. With the CARES act modification I should be able to go back to 2014 but when I enter 2019 on the "Year of Loss" line on 2014 input sheet 15 I receive a "Data Entry Error" saying "Value must be between 1993 and 2018"...not allowing 2019.

Lacerte Tax

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Level 15

Cheat and pick any year. It will be a paper return and you can correct it on the form before you mail.

This has been a defect FOREVER and is unlikely to ever get fixed.

Answers are easy. Questions are hard!

Level 15

George-I didn't see your answer when I typed mine.

The more I know the more I don’t know.

Level 15

Susan - Join the club. Been there. Done that. It helps to to get two answers that agree.

Answers are easy. Questions are hard!

Level 15

Pick a different year to enter. You have to file on paper anyway, so if you can manually change any place a wrong year may appear on the final form.

The more I know the more I don’t know.