kanchan-textax- u
Level 1
08-25-2022
07:47 AM
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NOL #1: 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. If the net operating loss comes from an estate or trust Schedule K-1, enter the amount absorbed in that screen.
Please let me know how to resolve in proconnect.
I had loss of 200,000 in 2020 and in 2021 also loss of 250,000