Where to check in Lacerte if the NOL did not carryover as expected:
- Review Screen 50 to see if an election has been made to waive the NOL Carryback.
- In the Forms Tab review, General Info to verify the carryover is listed.
- Ensure there is a current year NOL:
- Go to Screen 33, Miscellaneous Deductions and NOL.
- Check the box Force NOL worksheet to print in the Net Operating Loss section.
- Review the NOL Worksheet located in the Worksheet tab of the Forms view.
- Verify that the worksheet shows a NOL to be carried forward on line 25.
- If there is no amount on line 25, review the worksheet to see where the NOL was used up.