RC7
Level 1
04-03-2023
01:02 PM
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I have a farming net operating loss in 2021 that I would like to carry back to 2019. The NOL carryback is limited to 80% of 2019's taxable income. I have not been able to get Lacerte to limit the carryback to 80% of 2019's taxable income without using the override (it carries back 100% of 2019's taxable income without overriding). Using the override generates a critical diagnostic error that indicates the return can't be filed electronically. Is there a way to get Lacerte to limit the carryback to 80% of taxable income without using the override?
Thanks
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RC7
Level 1
04-05-2023
12:48 PM
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ok. Thanks
sjrcpa
Level 15
04-05-2023
01:28 PM
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You're welcome.
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