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Business Loss Limitation repeal

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Level 2

I have a client who had a business loss limitation for 2018.  When I go into LACERTE, mark for the CARES act to be taken into account, the limitation is still there.

Is there another place I need to go to get this limitation to not apply, or do I need to be patient and wait for a further update?

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2 Replies 2
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Level 15

1040? Screen 3 added a new box "Apply new legislation/extended provisions" Did you check that box? Did it help?

 


ex-AllStar
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Level 2

I did and that did not change the return.

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