hgtc
Level 5

client has NOL carried over from 2023 (from all K-1s).  NOL carryover amount is higher than his 2024 taxable incomes.  I assume we can only deduct up to 80% of his 2024 taxable incomes (that Lacerte said we have to enter the absorbed amount.)

This client also has social security incomes,  it looks his taxable social security will be changed when we claim NOL deduction.  Just wondering, when calculate his taxable incomes, do we use 100% social security incomes?  If not, any good way to figure out taxable incomes when social security taxable incomes will be changed?

Thank you.

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