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Can I limit husband's net operating loss from single years to only his current income on joint return?

mjmcglad
Level 1

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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Accepted Solutions
sjrcpa
Level 15

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

The more I know, the more I don't know.

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1 Comment 1
sjrcpa
Level 15

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

The more I know, the more I don't know.
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