bjashcpa
Level 2
02-11-2020
07:49 AM
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I have a 2018 NOL Carryforward to 2019. I am getting a Critical Diagnostic: "The program doesn't automate the limitation of post-2017 net operating losses to 80% of taxable income before taking into account any NOL deduction. You must override the amount of post-2017 NOL Carryforward absorbed this year so it does not exceed the 80% of taxable income limit." Are you kidding me? Why do I pay the big bucks for this software??? Then when I try to do it manually in screen 15, it also changes the 1040, etc., not just the carryforward! Is Lacerte working on this? Has anyone else come up with a work around for this?
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