53656

If you have to zero it out, in the 2021 program, you lose the carryforward.  There is no place called "CARRYOVER ABSORBED" so the carryover amount "available" has to be deleted for the diagnostic to clear.  Is there a better alternative?

Same issue - "Carryover Absorbed" is not available in the 2021 program.  Help?!

I have a separate WP schedule where I track carryovers and other Notes for Succeeding Years.

I spoke to someone from Lacerte yesterday about this, as well as the QBI business loss carryforward which has the same problem.  I was placed on hold a few times, and finally got disconnected.  I hope they are working on a fix, but I agree with you, that a separate schedule is necessary to track these carryforwards.

Does anyone know if Lacerte is working on a fix for this or are we going to have to manually make the calculation and input it for all of our clients that this relates to?

Well, apparently there was nothing wrong, just a change in how the screen is viewed.  The input screen is locked, and to  open it up so you can see the detail and change or add info, there is a button on the tool bar that needs to be clicked.   So, when you are at the screen input detail, look up at the tool bar and find the button that looks like this:  a straight, horizontal line, with an arrow pointing upward that's on top of the line, and one pointing downward below the line.  Click it, and it will open up the detail input screen.  I was told that this feature is here to avoid unintended changes.

I'm sorry.  I must be missing something.  I don't understand how the last comment addresses the issue with the calculation having to be done manually rather than Lacerte calculating the amount to use in the current year and how much to carry over.

I have found that the problem is with the carryover, but sometimes the figure is correct.  I was just saying how the figure can be changed, if it is incorrect.  As far as overriding for 80% of taxable income...that is on us.

I am not seeing the "carryover absorbed" entry area.  Am I missing it?  I see "Carryover Available" but not "carryover absorbed".  I

It appears Lacerte is properly limiting the Available NOL carryover to 80% of the post 2020 loss. To clear the Critical Diagnostic, enter -1 in NOL absorbed in 2022 if no NOL is applied against a gain in the current year.  That seems to remove the Critical Diagnostic.  Again, Lacerte is providing little assistance in this area and it's up to the community to work out the problem with their program.  A typical programmers making assumptions and users not being involved with the development of the program.