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stephanie3
Level 1
April 2, 2020
Question

Where do you overide the nol carryforward so it's not more than 80% of taxable income

  • April 2, 2020
  • 1 reply
  • 15 views
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1 reply

abctax55
abctax55
Level 15
April 2, 2020

That no longer applies. Suspended for now. 

Read the CARES Act (or, one of the other recently passed laws.  They've all melded in my poor, tired brain).

HumanKind... Be Both
    R
    RoamingCPA
    Level 5
    April 2, 2020

    I just did the update but a corporate return I'm doing still shows 80% of the loss.  Any eta when this will be fixed?

    abctax55
    abctax55
    Level 15
    April 2, 2020

    Lacerte never had it right in the first place - it had to be done manually, and you are saying NOW it does?

    OR, are you just looking at a diagnostic?

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