Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Idea Exchange
- :
- NOL Incorrectly Split when Converting from MFJ to MFS
Options
- Mark as New
- Mark as Read
- Bookmark
- Subscribe
- Printer Friendly Page
- Report Inappropriate Content
NOL Incorrectly Split when Converting from MFJ to MFS
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
NOL Incorrectly Split when Converting from MFJ to MFS
NOL Incorrectly Split when Converting from MFJ to MFS
Submitted by AnneRule on 10-21-2022 11:14 AMQBI NOL's that had been proforma'd into a jointly filed individual return are incorrectly handled when the return is split into two MFS returns. The program appears to not distinguish the source of the loss (i.e., to taxpayer or spouse) even though in this instance the Sch. C that was generating the loss was clearly marked as belonging to the taxpayer and their spouse in the General Information portion of Sc. 16. When the return is split it incorrectly gives each spouse 100% of the NOL.
Find more ideas labeled with
Post comment
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.