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Level 4
August 4, 2026
Question

Can I file a 1040-X while making more than on change?

  • August 4, 2026
  • 2 replies
  • 24 views

Hi!

I need to amend a 2024 1040  for two issues. 1) adding business income and expenses with net loss, 2) carrying over to 2024 a 2021 NOL.

First, I added the business amounts in Schd C with resulting net loss flowing into Schd 1, and the 1040-X shows the proper “revised” AGI and Taxable Income $51,111.

Then, I input the 2021 NOL being carried over,  using -per the rule - an amount equals to 80% of “revised” taxable income (-40,889).  At that point the 1040-X ends up showing a negative amount (-21,127) on line 3, column C, and  the a Federal statement is generated showing taxable income of (-21,127) instead of $0, and taxable income before the NOL of $19,762, instead of $51,111.  The refund amount is correct.

The generated Federal statement  continues with showing $19,762 of 2021 NOL was used instead of $40,889, thus  showing the wrong NOL amount being carried over to 2025.

I  wrote a detailed and clear statement for the reasons to amend, but since the return will probably only be “read” by a computer , I am concerned that it will ignore my written statement and carry forward the above discrepancies.

Thank you for your time!

2 replies

Kathi_at_Intuit
Moderator
August 7, 2026

Hi ​@DGEmbry great to see you in the Community and thanks for posting. Lacerte Support will be able to assist if you have diagnostics or need to know where input is. If worried about the statement being missed, we'd contact the IRS E-help desk to inquire about the statement. 

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DGEmbryAuthor
Level 4
August 7, 2026

Hi Kathi,

I have contacted Intuit support and we looked at everything together sharing my screen. The lady eventually guided me to submit a case for calculation challenge and someone is following up with me; not solved yet!

I did figured out that one can file a 1040-X to make more than one change, so that is not the issue. The issue is with the way Lacerte handles calculations in the back ground and the information that ends up on the Federal statements.  It is using taxable amount after the NOL, instead of the taxable income before the NOL, to calculate  the  NOL deduction, which is to be 80%  of original taxable income.

I found another post from 4-years ago with similar issue and no solution or reply was posted

https://accountants.intuit.com/community/proconnect-product-discussions-6/nols-and-form-172-93649?postid=348179#post348179