judah-fogel
Level 1
‎12-07-2019 10:55 AM
THIS IS ON A PERSONAL INCOME TAX RETURN
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Accountant-Man
Level 13
‎12-07-2019 10:55 AM
Why would a charity carryover be included in the NOL?
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abctax55
Level 15
‎12-07-2019 10:56 AM
:joy:  Good pick-up:joy:
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Accountant-Man
Level 13
‎12-07-2019 10:56 AM
I am not so sure that "contribution carryoverloss" is charity.
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abctax55
Level 15
‎12-07-2019 10:56 AM
I'm not sure 'bout much of anything on the OP's question.
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sjrcpa
Level 15
‎12-07-2019 10:56 AM

There is some provision about charitable contribution carryovers being converted/added to NOL carryovers. I would have to look it up. Since Lacerte got its act together 15 or 20 years ago re NOL computations I trust what it does now (with verification).


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

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abctax55
Level 15
‎12-07-2019 10:56 AM

Converted from different software?

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George4Tacks
Level 15
‎12-07-2019 10:56 AM

I think this is one of the many reasons NOT TO proforma with the first release (or even the 3rd, 4th or even nth). 

https://accountants-community.intuit.com/articles/1861729-converting-charitable-contribution-carryov... applies to corporation. 


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