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Level 2
February 11, 2022
Question

Clear diagnostic #53656 - Override amount of post-2017 NOL Carryforward

  • February 11, 2022
  • 2 replies
  • 22 views

How do I clear this diagnostic?  Lacerte Diagnostic for NOL carryforward:  NOL#1 The program doesn't automate the limitation of post-2017 NOL to 80% of taxable income, before taking into account any NOL deduction.  You must override the amount of post-2017 NOL carryforward absorbed this year so it does not exceed the 80% taxable income limit.  

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2 replies

sjrcpa
Level 15
February 11, 2022

By doing what it says:

You must override the amount of post-2017 NOL carryforward absorbed this year so it does not exceed the 80% taxable income limit.  

 

The more I know the more I don’t know.
mary13Author
Level 2
February 11, 2022

My question is where is that input override located? "Post-2016 NOL Carryforward absored"

Level 3
February 11, 2022

Screen 15, in the input detail below the grid, the last line labelled 'NOL absorbed in 2021'

Level 3
February 12, 2022

I am having the same problem. I do not see any input detail below the grid.  There is nothing that says NOL absorbed in 2021.

 

Thanks for your help.