MELLINGCPA
Level 1
03-20-2020
04:03 PM
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NOL: 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 carry-forward absorbed this year to it does not exceed the 80% of taxable income limit.
There is no NOL prior to 2019