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Can I limit husband's net operating loss from single years to only his current income on joint return?

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Level 1

Husband brought substantial net operating losses forward to joint return. IRS Pub 536 says we can only use his net operating losses against his income on the joint return.  I've tried inputting zeros for spouse's portion of net operating loss but not getting desired result.  Suggestions? 

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Level 15

In Lacerte you need to enter minus one "-1" to get a zero.


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1 Reply 1
Highlighted
Level 15

In Lacerte you need to enter minus one "-1" to get a zero.


ex-AllStar

View solution in original post

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