Ember123
Level 4

Hello folks:

1. Why does Lacerte show the NOL passthrough on the final California K-1 from a California Trust as an "excess deduction on termination" (line 11a)  rather than an NOL passthrough (line 11c)? Can't get a good answer from technical support. Do I misunderstand something here?

2. Why does Lacerte treat an Eligible Small Business loss, on Form 3805V, incurred in tax year 2008 as expired after year 2018 ? Does not this loss have a 20 year carryover period? What don't I understand here?

 

 

 

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