Re: 1120 NOL...C Corp had a NOL of $23,400 from 2021.2022 Taxable Income is $24000.Why is only $19200 of the NOL allocated against the Taxable Income and not the $23,400?

chapguy19 · ‎10-26-2023

The NOL is $23,400 in Column A.

Column B of NOL Wks shows Deduction Allowed in current year of $19200. That's above 82.1% of column A.

What am I missing?

Thanks, Christopher