Client has NOL in 2020. Loses in 2019, 2018, income I am assuming in 2016 and 2017 that would eat the NOL up. What do I need to make this work? I see that Lacerte generates a NOL worksheet for the carryover for 2021. If I decided to not do the 1045, but rather do the amended 2016 and 2017 1040-X, do I need to override or make an election in the 2020 1040 that states it isn't carrying over to 2021?
Thanks for the help!