The_AntiTax_Man
Level 8
07-25-2022
11:03 AM
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@Just-Lisa-Now- @msmith7305 @david3 @cpaJA8 @alexroytenbergcp
Have any of you received any new info from Intuit on this 2019, 2020, 2021 NOL C/F 80% of taxable income NOL deduction limitation issue?
Are you entering the NOL C/F deduction limitation adjustment onto the PS "NOL Explanation Statement" tax return attachment to get the correct amount of NOL C/F deduction reported onto the current year tax return?
Then the PS program will C/F an incorrect NOL C/F amount to the succeeding year which will then need to be adjusted in the succeeding years' PS program?
Asking for everyone.....