53577
Background: 2021 Individual, with Schedule C and NOL's going back to 2010. The following diagnostic is generating: NOL #4: The program doesn't automate the limitation of post-2017 net operating losses to 80% of taxable income, before taking into account any NOL deduction. You may need to override the amount of post-2017 NOL carryforward absorbed this year so it does not exceed the 80% of taxable income limit. I'm grateful this diagnostic appeared. I am thankful it points to the NOL that is in question. The fix is simple, I believe. I took 80% of the TI for that year, then capped the NOL at that amount.
