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Level 2
May 27, 2022
Question

How to get Lacerte to show the Oklahoma NOL for a rental? Client is OK non-resident. Two rentals are in OK (loss every year) - 3rd rental CA (gain). OK column is blank.

  • May 27, 2022
  • 2 replies
  • 11 views
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2 replies

George4Tacks
Level 15
May 28, 2022

Do you mean PAL instead of NOL?

Those are entered at the bottom of the Schedule E screen and can be tied to the state there. 

Answers are easy. Questions are hard!
PhoebeRoberts
Intuit Community Champion
May 31, 2022

Oklahoma person here. 

Assuming you actually have an Oklahoma NOL (which Lacerte  either doesn't calculate, or doesn't calculate correctly - you have to manually prepare a 511-NR-NOL from https://oklahoma.gov/tax/forms.html), the carryover goes in Screen 15, NOL Deduction, Cur. Yr NOL / Misc, in the first two fields.