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Level 1
June 24, 2020
Question

Section 382 - NOL limitation

  • June 24, 2020
  • 1 reply
  • 7 views

How do you enter a Section 382 NOL limitation in Lacerte?  I do not see any input fields for Section 382 limitations. 

I think it would be good if the NOL Deduction Statement would show a breakdown of the full carryover from each year, and then the allowable NOL deduction under the 382 limitation.  But I don't know how to get the statement to reflect this.

Please help!

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1 reply

Level 2
June 25, 2020

I have the exact same question.  Do we have to attach some sort PDF form which breaks this down, or does Lacerte have an input screen for this?