abctax55
Level 15
a month ago
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The question is 'why' Lacerte can't do the actual math of limiting the NOL deduction to 80% of income.
It is a similar computation of the SEHI deduction; when there are income amounts that are partially taxable based on income (example = SS benefits) the computation becomes 'circular'.
Lacerte IS able to do it for SEHI, altho a diagnostic is generated.
It seems Lacerte, for what it costs, could do the programing for the NOL/80% calculation also....
HumanKind... Be Both