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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.

Elaine1
Level 2
 
0 Cheers
2 Comments 2
George4Tacks
Level 15

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
Level 11

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.