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Level 1
December 6, 2019
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Can I limit husband's net operating loss from single years to only his current income on joint return?

  • December 6, 2019
  • 1 reply
  • 9 views

Husband brought substantial net operating losses forward to joint return. IRS Pub 536 says we can only use his net operating losses against his income on the joint return.  I've tried inputting zeros for spouse's portion of net operating loss but not getting desired result.  Suggestions? 

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Best answer by sjrcpa

In Lacerte you need to enter minus one "-1" to get a zero.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
December 6, 2019

In Lacerte you need to enter minus one "-1" to get a zero.

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