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M
mark1
Level 2
December 7, 2019
Solved

Does, or will, the 2018 Proseries software perform the limitation calculation for NOL carryforwards (80% of taxable income without regard to the NOL deduction)?

  • December 7, 2019
  • 2 replies
  • 24 views

Populating the NOL carryforward coming into 2018 on Schedule 1 Line 21 (Other Income Statement).  Software does not appear to limit.

This topic has been closed for replies.
Best answer by IRonMaN

But it's only January so the software isn't completely functional yet.

2 replies

IRonMaN
IRonMaNAnswer
Level 15
December 7, 2019

But it's only January so the software isn't completely functional yet.

Slava Ukraini!
abctax55
abctax55
Level 15
December 7, 2019

Are you asking about ProSeries software, or Proconnect Tax Online?

They are different critters; but I don't think either one is ready for prime time yet.  I *would* anticipate that both will do the computation & limitation when the software updates are completed.

HumanKind... Be Both
M
mark1Author
Level 2
December 7, 2019
Proseries software.  Thanks.
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