GolfCPA22
Level 1

Taxpayer receives social security benefits and has a farming loss for 2023 as well as a 2022 farming loss carryforward. My challenge is that Lacerte calculates taxable income before the NOL to be minimal with no taxable SS, however, when I enter the override to limit to 80%, then part of the social security becomes taxable and it becomes a vicious cycle that doesn't end with the same number twice.

Any guidance on how to calculate the NOL limitation when taxable social security has not been hit the limit of 50% or 85%?