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A
Andi
Level 2
April 22, 2020
Question

NOL - Waive Carryback

  • April 22, 2020
  • 1 reply
  • 9 views

Due to CARES act, we need to start waiving the NOL carryback again.  Anyone know when Lacerte will have this election in the program?  And is there somewhere online where Lacerte is communicating the timeline of updates in general?   Seemed to take forever just to get the revised estimate due dates. 

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    1 reply

    sjrcpa
    sjrcpa
    Level 15
    April 22, 2020

    For a 1040, you can type the statement in the software for attachment to the return.

    None of us fellow users know when Lacerte will be updated for this.

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