Rhode Island - no NOL carryover listed

Forum|Forum|2 years ago
March 6, 2024
1 reply
8 views

Are you a Rhode Island preparer? I have a RI Non-resident 1040 and the RI NOL is not listed as a Carryover to 2024. I am hoping there are RI preparers lurking around.

I have the RI state designation marked for the loss on Form 15.

And the Federal NOL is listed on the carryover sheet.

I use Lacerte.

Lacerte Tax

This topic has been closed for replies.

sjrcpa

Level 15

I am not a RI preparer.

But, are you sure there is a RI NOL? Most states start with federal NOL.

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

S

strongsilenceAuthor

Level 10

There was no RI NOL deduction because the Federal deduction was limited to 0. But I am asking why this NOL does not also appear on the carryover sheet as an RI NOL too.

This is a CA RDP same sex couple (who can file MFJ in CA) but have activity in states where they must file as Individuals. So, the carryovers and sourcing can be tedious and difficult and having the NOL also listed as RI source would be helpful.

The splitting, sourcing, carryforwards and allocations that need to be manually input are labor intensive.

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