NOL utilization

Forum|Forum|1 year ago
May 21, 2025
1 reply
6 views

Why doesn't Lacerte calculate the NOL utilization anymore? Is there some reason they can't do this calculation within the software? Just another thing we as preparers have to worry about when we are paying big money for our expensive software!

Lacerte Tax

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Intuit_Ruben

Level 7

Do you have any issues when trying these steps?

https://accountants.intuit.com/support/en-us/help-article/corporation/common-questions-corporate-net-operating-loss-nol/L4JEXmSqw_US_en_US?uid=mayb605z

abctax55

Level 15

@Intuit_Ruben

The question is 'why' Lacerte can't do the actual math of limiting the NOL deduction to 80% of income.

It is a similar computation of the SEHI deduction; when there are income amounts that are partially taxable based on income (example = SS benefits) the computation becomes 'circular'.

Lacerte IS able to do it for SEHI, altho a diagnostic is generated.

It seems Lacerte, for what it costs, could do the programing for the NOL/80% calculation also....

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