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Level 3
June 16, 2022
Question

How do i override the NOL absorbed this year so it does not exceed the 80% of taxable income on 990-T?

  • June 16, 2022
  • 1 reply
  • 7 views
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1 reply

sjrcpa
Level 15
June 16, 2022

Only enter the usable amount. Keep a schedule in your file for the remaining NOL.

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