AccountingExecs
Level 3

Just to make sure I understand, the loss that is currently showing on the KNOL for KY is correct?  The reason that the NOL exists is because the standard deduction reduced the taxable DIV and Sch D income below zero.

My understanding is that standard deductions cannot create an NOL.  If the NOL is not allowed due to how it was created, will ProConnect push the NOL to future years?

Christopher W. Kent
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