Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Does, or will, the 2018 Proseries software perform the limitation calculation for NOL carryforwards (80% of taxable income without regard to the NOL deduction)?

mark1
Level 1

Populating the NOL carryforward coming into 2018 on Schedule 1 Line 21 (Other Income Statement).  Software does not appear to limit.

Labels (1)
0 Cheers
1 Solution

Accepted Solutions
IRonMaN
Level 15

But it's only January so the software isn't completely functional yet.


Ukraine - hang in there

View solution in original post

0 Cheers
3 Comments 3
IRonMaN
Level 15

But it's only January so the software isn't completely functional yet.


Ukraine - hang in there
0 Cheers
abctax55
Level 15

Are you asking about ProSeries software, or Proconnect Tax Online?

They are different critters; but I don't think either one is ready for prime time yet.  I *would* anticipate that both will do the computation & limitation when the software updates are completed.


#StandWithUkraine
0 Cheers
mark1
Level 1
Proseries software.  Thanks.
0 Cheers