Answered: Why isn't PS limiting the loss on an individual return to 80%, and how do I fix that?

ronyoung · ‎12-07-2019

TaxGuyBill · ‎12-07-2019

Are you referring to a NOL carryover from a prior year? If so, the 80% limitation does not apply to pre-2018 NOLs.

If that is not what you are talking about, please give details about what type of loss you are referring to, and why you think it should be limited to 80%.

View solution in original post

TaxGuyBill · ‎12-07-2019

Are you referring to a NOL carryover from a prior year? If so, the 80% limitation does not apply to pre-2018 NOLs.

If that is not what you are talking about, please give details about what type of loss you are referring to, and why you think it should be limited to 80%.

Why isn't PS limiting the loss on an individual return to 80%, and how do I fix that?

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