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K
karinal
Level 2
April 29, 2020
Question

Business Loss Limitation repeal

  • April 29, 2020
  • 1 reply
  • 25 views

I have a client who had a business loss limitation for 2018.  When I go into LACERTE, mark for the CARES act to be taken into account, the limitation is still there.

Is there another place I need to go to get this limitation to not apply, or do I need to be patient and wait for a further update?

This topic has been closed for replies.

1 reply

George4Tacks
George4Tacks
Level 15
April 29, 2020

1040? Screen 3 added a new box "Apply new legislation/extended provisions" Did you check that box? Did it help?

 

Answers are easy. Questions are hard!
    K
    karinalAuthor
    Level 2
    April 30, 2020

    I did and that did not change the return.

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