AccountingExecs
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yesterday
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I am putting together a multi-state return for a client that had very little income in the state that they moved to. The Standard Deduction in the state is causing the KNOL sheet to populate and shows a NOL carryover to 2026. The amount should be $0 because the Standard Deduction cannot create an NOL carryover.
Can anyone help me figure out how to either suppress this calculation from taking place or let me know how to modify the forms so that the NOL goes to $0?
This is for a KY return. Total taxable income is $84 and standard deduction is $3,270. I tried making adjustments in the KY modification section, but nothing I put into the Override section seems to make an adjustment.
Christopher W. Kent
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