I have new client who has large NOL carryforward. I entered infor on screen 15 but this 2021 amount did not carry over to Form 8995. Now I get message that only 80% of total income can be used for NOL> What do I do and what screens should I use to get this OK. Also what happens to remainder of
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There is guidance available from Intuit. Use the search function.
You must do the calculation of the 80% limit and input it.
The disallowed portion goes away forever.
There is guidance available from Intuit. Use the search function.
You must do the calculation of the 80% limit and input it.
The disallowed portion goes away forever.
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