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Georgia net operating loss carryforward for individual

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Level 1

Lacerte does not do the Georgia Form 500NOL.

It also does not seem to generate a worksheet or statement showing carryforwards.

The GA DOR does not seem to like this.

Have you seen this and, if so, how are you handling?

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2 Replies 2
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Level 1

Did you find a solution to your question? I have a similar problem.

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Level 1

you are correct as i have had several returns having the NOL disallowed.  i talked with Lacerte and the agent agreed with me that apparently Lacerte was tracking it but there was not schedule or worksheet to indicate how the state loss was calculated.  The 500NOL form is a pain to do and adds unnecessary time to a return.  Lacerte needs to fix this asap.