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Level 1
April 14, 2021
Question

How do you input a Sec 382 NOL limitation in the corporate module when ownership change requires limitation. I have the calculation made.

  • April 14, 2021
  • 1 reply
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1 reply

Level 6
April 16, 2021

To apply IRC Sec. 382 limits to the use of pre-change NOLs, you will have to use Screen 23 – Net Operating Losses for the new loss corporation.

The suggestions made in my previous post on this topic will result in incorrect results. Please disregard the previous post. I am looking into another workaround.