Does the converted contribution carryoverloss get transferred to the NOL WORKSHEET FOR THE FOLLOWING YEAR?

[judah-fogel]

THIS IS ON A PERSONAL INCOME TAX RETURN

[Accountant-Man]

Why would a charity carryover be included in the NOL?

[abctax55]

  Good pick-up:joy:

[Accountant-Man]

I am not so sure that "contribution carryoverloss" is charity.

[abctax55]

I'm not sure 'bout much of anything on the OP's question.

[sjrcpa · Accepted solution]

There is some provision about charitable contribution carryovers being converted/added to NOL carryovers. I would have to look it up. Since Lacerte got its act together 15 or 20 years ago re NOL computations I trust what it does now (with verification).

[abctax55]

Converted from different software?

[George4Tacks]

I think this is one of the many reasons NOT TO proforma with the first release (or even the 3rd, 4th or even nth). 

https://accountants-community.intuit.com/articles/1861729-converting-charitable-contribution-carryov... applies to corporation.