RC7
Level 1

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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sjrcpa
Level 15

You can't efile a 2019 return - original or amended- in 2023.


The more I know the more I don’t know.
RC7
Level 1
sjrcpa
Level 15

You're welcome.


The more I know the more I don’t know.
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