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1041 NOL carryover does not Proforma to next year

SOLVEDby IntuitLacerte Tax3Updated July 26, 2021

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:
    1. Go to Screen 33, Miscellaneous Deductions and NOL.
    2. Check the box Force NOL worksheet to print in the Net Operating Loss section.
    3. Review the NOL Worksheet located in the Worksheet tab of the Forms view.
    4. Verify that the worksheet shows a NOL to be carried forward on line 25.
    5. If there is no amount on line 25, review the worksheet to see where the NOL was used up.

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