karinal
Level 2
04-29-2020
05:27 PM
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I have a client who had a business loss limitation for 2018. When I go into LACERTE, mark for the CARES act to be taken into account, the limitation is still there.
Is there another place I need to go to get this limitation to not apply, or do I need to be patient and wait for a further update?
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George4Tacks
Level 15
04-29-2020
06:36 PM
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1040? Screen 3 added a new box "Apply new legislation/extended provisions" Did you check that box? Did it help?
Here's wishing you many Happy Returns
karinal
Level 2
04-29-2020
07:05 PM
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I did and that did not change the return.
