Proseries calculation of 80% NOL limitation

Forum|Forum|8 months ago
October 8, 2025
1 reply
23 views

How to reflect the 80% NOL limitation calculation in carryover tax year as Proseries review states they do NOT support the calculation? 2023 1040 taxpayer had NOL carried forward into 2024 which now has AGI income without the utilization of NOL carryover. I'm not sure how to reflect and report 80% impact.

Any ideas?

ProSeries Professional

abctax55

Level 15

https://accountants.intuit.com/community/tax-talk/discussion/how-do-i-accurately-determine-taxable-income-to-apply-80-rule/00/335233

HumanKind... Be Both

W

WI FISHYAuthor

Level 4

thanks for the link. That confirmed the NOL deduction can't exceed 80% of taxable income without regard to the NOL deduction or sections 199A or 250.

I'm questioning how to report the limitation within Proseries since the system does not perform the calculation on any forms or worksheets that I could identify. What does Proseries recommend as we cannot just ignore tax law (which seems they do when not updating software to meet requirements!)

IRonMaN

Level 15

Manually calculate it and then enter that amount into the NOL worksheet so that the correct amount flows to the return. Keep track of what was available and what was used so that you have the correct amount to carryforward to next year.

Slava Ukraini!

Sign up

Login with SSO

Let's get you signed in

Login with SSO

Scanning file for viruses.

This file cannot be downloaded