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- Re: How to get Lacerte to show the Oklahoma NOL for a rental? Client is OK non-resident. Two rentals are in OK (loss every year) - 3rd rental CA (gain). OK column is blank.
How to get Lacerte to show the Oklahoma NOL for a rental? Client is OK non-resident. Two rentals are in OK (loss every year) - 3rd rental CA (gain). OK column is blank.
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Elaine1
Level 2
05-27-2022
04:07 PM
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2 Comments 2
George4Tacks
Level 15
05-28-2022
11:40 AM
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Do you mean PAL instead of NOL?
Those are entered at the bottom of the Schedule E screen and can be tied to the state there.
Answers are easy. Questions are hard!
PhoebeRoberts
Level 11
05-31-2022
09:38 AM
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Oklahoma person here.
Assuming you actually have an Oklahoma NOL (which Lacerte either doesn't calculate, or doesn't calculate correctly - you have to manually prepare a 511-NR-NOL from https://oklahoma.gov/tax/forms.html), the carryover goes in Screen 15, NOL Deduction, Cur. Yr NOL / Misc, in the first two fields.
