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Where is form 461 in the Pro Series 1040? The program doesn't seem to be calculating the excess business loss adjustment.

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Pro Series doesn't have it. There are numerous threads on this in the forum.

Here's one https://accountants-community.intuit.com/questions/1837160-where-how-does-the-program-calculate-the-...


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Pro Series doesn't have it. There are numerous threads on this in the forum.

Here's one https://accountants-community.intuit.com/questions/1837160-where-how-does-the-program-calculate-the-...


ex-AllStar

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This is a problem for calculating the 2019 taxes but it also should be included as an NOL carry-forward.

If the form is not added, it will affect future tax returns as well if the NOL carry forward is not calculated

At a minimum, the software should have an error message that the business loss exceeds the threshold.

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