freshy70
Level 4
03-31-2026
01:43 PM
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The answer to this is as follows I believe. Form 172 will not generate unless it is a current year NOL.
To determine taxable income before NOL deduction, restrict the application of any NOLs from prior years by entering -1 in the override screen for how much of each prior year's NOL was absorbed in the current year.
Look at the statements and you'll see a line that says "202X Taxable income before NOL deduction" The number is taxable income plus QBI deduction.
Posting this for future reference or if anyone else has the same question.