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Level 5
April 30, 2020
Question

California Individual NOL carryover

  • April 30, 2020
  • 1 reply
  • 4 views

Regarding Eligible Small Business losses incurred on or after 1/1/2008, why does Lacerte drop the loss carryover after 10 years rather than carrying it 20 years, per the Instructions to FTB 3805V ?

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1 reply

George4Tacks
Level 15
May 1, 2020

You are second person to report this. @IntuitBettyJo could you confirm Lacerte is aware of this unexpected behavior?

Answers are easy. Questions are hard!