NYtaxwoman
Level 2
02-25-2025
06:42 PM
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I have a California resident with an NOL carryforward. There's an 80% adjustment needed on the federal which I did by calculating what the NOL amount that should be absorbed and putting it in the box for that. I believe that there should be such an adjustment for the California NOL as well. I was on the phone with Lacerte for a very long time today and a place for an adjustment could not be identified. Anyone have any ideas for how I could adjust the California NOL?
Thanks.
Susan Lee
Best Answer Click here