josephfolsomcpa
Level 4
08-05-2022
12:31 PM
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It appears that proseries as of 8-5-22 is not handling the NOL 80% limitation on form 1040. Am I correct on this? Current client has NOLs from 2018 and 2019, and 2020, but has taxable business income in 2021. Proseries puts the entire carryover NOL from 2018, 2019, and 2020 on schedule 1 without regard to the 80% limit.
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