NOL utilization

[vkatranis]

Why doesn't Lacerte calculate the NOL utilization anymore? Is there some reason they can't do this calculation within the software? Just another thing we as preparers have to worry about when we are paying big money for our expensive software!

[Intuit_Ruben]

Do you have any issues when trying these steps? 

https://accountants.intuit.com/support/en-us/help-article/corporation/common-questions-corporate-net...

[abctax55]

@Intuit_Ruben 

The question is 'why' Lacerte can't do the actual math of limiting the NOL deduction to 80% of income. 

It is a similar computation of the SEHI deduction; when there are income amounts that are partially taxable based on income (example = SS benefits) the computation becomes 'circular'.  

Lacerte IS able to do it for SEHI, altho a diagnostic is generated.

It seems Lacerte, for what it costs, could do the programing for the NOL/80% calculation also....

[sjrcpa]

Great mind reading Anna.

I understood, sort of, why the software didn't apply the limitation the first year it existed. But after all these years I don't understand.

[abctax55]

Thanks Susan...

I was just working on one with the issue so it was fresh in my mind. 

I understand the 'math' issue, but if it can be done for SEHI why not for NOLs with the same diagnostic to verify.