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a individual client has less income than the standard deduction, proseries keep adding NOL form

PDR
Level 2
 
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abctax55
Level 15

Susan pointed out "...Someone else reported a similar thing."

Meaning others have noticed that there's likely a bug.

Intuit has to deal with that; we are just volunteers & users of the software too.  This isn't "chat" with Intuit support.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

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7 Comments 7
sjrcpa
Level 15

Is it claiming the $150/300 charitable contribution deduction?

Someone else reported a similar thing.


Ex-AllStar
PDR
Level 2

yes they had charity

 

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PDR
Level 2

Is this a software glitch in Proseries Professional

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PDR
Level 2

This is all individual, charity is not business.

 

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abctax55
Level 15

Susan pointed out "...Someone else reported a similar thing."

Meaning others have noticed that there's likely a bug.

Intuit has to deal with that; we are just volunteers & users of the software too.  This isn't "chat" with Intuit support.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
PDR
Level 2

THANK YOU!

rbynaker
Level 13

I'd have to think through this, I don't to a lot of NOLs nor do I have charitable contribution carryovers.  I can't see how this would create an NOL but I'm thinking there might be some fringe cases where forcing itemized deductions would let you carryover an unused charitable contribution to future years while still having $0 tax.  It's an interesting thought exercise but probably not worth the investment in time to play around with at this point in tax season!

Rick

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