DanaL
Level 3
03-24-2021
10:14 PM
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I know that there should NOT be an NOL, but the ProSeries Professional software keeps creating one. If Foreign wages are 18,620 on the 2555 which carries to Sch 1 other income. Adding the other income on Sch 1 makes this net zero which is correct.
But, NOL Worksheet shows Line 1 is negative (18,650) which is the HOH std deduction
Line 6 adds it back, but then there is ALSO
Line 7 non business income of the 18,620
Line 24 shows a NOL of -18,620.
What am I missing? Seems the exclusion should add back the 18620 somewhere between the line 7 and line 24.