jeffmcpa2010
Level 11
03-26-2021
03:48 PM
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Neither you or the software is doing anything wrong. The full carryover shows up on schedule 1. The limitation is in the calculation of the carryforward to the next tax year (2021). Check the right hand column of the carryover schedule and see if you think it has the correct amount carrying forward.
Is there any other income besides the Net Farm Income? NOL's normally will carry against any kind of income, not just where they were generated.