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- California NOL passthrough on final Trust K-1.
California NOL passthrough on final Trust K-1.
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Ember123
Level 4
05-05-2020
11:13 AM
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Lacerte reports the California NOL passthrough on a final California Trust K-1 as an "excess itemized deduction" even though California law says the deduction for California purposes retains the same character as federal. Why does Lacerte do this?
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