cpaJA8
Level 2
04-13-2022
02:58 PM
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Can anyone explain the post-2017 NOL limited to 80% of taxable income before any NOL deduction? Taxable income is negative before. If I show it all carry forward to 2022, then taxable income is positive. Do I limit it to 80% of that number? Do I limit it to 80% of the negative taxable income to carry forward? I have called Lacerte and the IRS. Can someone please help?
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