2016 California NOL Carryback to 2014

Forum|Forum|6 years ago
December 6, 2019
4 replies
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I am trying to amend CA 2014 returns using carryback 2016 NOL. With 2014 Lacerte, I can input "2016" as a year of loss for FED but cannot for CA. It automatically add back the amount of 2016 FED NOL carryback in schedule CA and cannot take advantage of carryback for CA. How should I input carryback data for CA in 2014 Lacerte?

Lacerte Tax

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Best answer by George4Tacks

https://accountants-community.intuit.com/articles/1609455-net-operating-loss-carryback-for-californi... - I believe you have to enter 2013 (or earlier) instead of 2016. This is to be paper filed, so you need to use some white out, or just cross off and change the 2013 to 2016 before mailing.

sjrcpa

Level 15

@abctax55 @George4Tacks Was 2014 one of those wonky

years where CA suspended a bunch of things?

The more I know the more I don’t know.

abctax55

Level 15

I'll have to check when I get back to the office....but that's highly likely.

HumanKind... Be Both

George4TacksAnswer

Level 15

https://accountants-community.intuit.com/articles/1609455-net-operating-loss-carryback-for-californi... - I believe you have to enter 2013 (or earlier) instead of 2016. This is to be paper filed, so you need to use some white out, or just cross off and change the 2013 to 2016 before mailing.

Answers are easy. Questions are hard!