Question
Why isn't the Corp (tax atty biz) NOL (2014) carryforward limited to 80% of NOI of year I'm carrying it forward to (2020)? It's using offsetting the entire NOI.
I have NOL 2014 of $34,921 and 2015 NOL of $24,656.
NOI for 2020 is $46,783 80% of that would only be $37,426 yet PTO is calculating a carryforward of the full $46,783.
NOI for 2020 is $46,783 80% of that would only be $37,426 yet PTO is calculating a carryforward of the full $46,783.
