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- Form 1120 for Commercial POA excess member expenses
Form 1120 for Commercial POA excess member expenses
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riven
Level 1
07-07-2022
10:25 AM
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When filing Form 1120 for a commercial property association, excess member expenses in any year should be carried forward to future years like an NOL, but not subject to NOL rules and limitations. Is there a way to modify the amount of prior year NOL utilized in the current year to get around the 80% limitation and show the correct amount of carryover into future years? In the individual module you can enter the amount utilized in the current year but this does not seem to be available in the corporate module.
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