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C
ChiHoang
Level 6
March 16, 2023
Question

NOL

  • March 16, 2023
  • 2 replies
  • 19 views

For NOL, do I have to manually enter the amount available to carryforward in the carryover worksheet in ProSeries ? ProSeries does not automatically calculated it ?

Thanks

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2 replies

IRonMaN
IRonMaN
Level 15
March 16, 2023

I thought the software did the leg work for you.  At least I thought it did for the Professional version anyway.

Slava Ukraini!
    T
    TaxGuyBill
    Level 15
    March 16, 2023

    ProSeries Basic is great for almost everything, but unfortunately NOLs is one of the few things it does not have.  So yes, you need to manually calculate and manually enter NOLs if you use Basic (or use Professional on a Pay-Per-Return basis if you want to use the NOL worksheets).

     

      C
      ChiHoangAuthor
      Level 6
      March 16, 2023

      Thank you for your answer.

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