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pmhsu
Level 2
December 7, 2019
Solved

There is no forego NOL carryback check the box button in 2018 Lacerte for C corp.

  • December 7, 2019
  • 2 replies
  • 6 views
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Best answer by sjrcpa

New tax law eliminated the carryback so there is no need to elect out of it.

2 replies

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

New tax law eliminated the carryback so there is no need to elect out of it.

The more I know the more I don’t know.
IRonMaN
IRonMaN
Level 15
December 7, 2019
So when do you think they will update the software for that :laughing::laughing:
Slava Ukraini!
George4Tacks
George4Tacks
Level 15
December 7, 2019

EIther trust the software you spent so much money on, or research the issue and use Ctrl + L to send the return to Lacerte with a short note as to the problem.

https://www.irs.gov/publications/p536

Answers are easy. Questions are hard!
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