msmith7305
Level 7

I have set up a "Test" 1040. In it, I have a 2018 NOL carryover that I use to see how ProSeries handles it. So far, it allows a 100% deduction against taxable income. I also noticed that there doesn't seem to be any worksheet to designate 2018 NOL carryovers versus NOL carryovers from years prior to that. Very strange as they are treated completely differently. Also seems to be an issue with Excess Business Losses carried over from 2018 as additional NOL. And where is Form 461 in this year's package? Same as last year. Missing. Our "professional" package seems to be less and less "professional" each year.