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Post 2017 Net Operating Loss Limitation

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Post 2017 Net Operating Loss Limitation

FRCPA

The program doesn't automate the limitation of post-2017 net operating losses to 80% of taxable income.  Please have the program do this calculation as it is something the program should handle (and other tax programs do calculate it.) There have been multiple comments on the Lacerte forum about this issue.  Thank you

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3 Comments
IntuitGabi
Community Manager
Community Manager
Status changed to: Open for voting

Thanks for the idea. We are changing the status to "Open for voting" since it has been around for over 30 days and no longer considered "New". If you have any questions on the life cycle of an idea, check out our Idea Exchange Getting Started Guide for more information.

jbscpa
Level 1

The program doesn't automate the limitation of post-2017 net operating losses to 80% of taxable income. 

Please have the program do this calculation as it is something the program should handle (and other tax programs do calculate it.) There have been multiple comments on the Lacerte forum about this issue.  

Lacerte's failure to implement this calculation is inexcusable. This is NOT new tax law.  It has been around for years.

This kind of complex calculation, that Lacerte has 100% of the data within the program to implement, is exactly what Lacerte SHOULD have implemented long-ago.

 

 

cindy baker
Level 2

I agree.  It's just SILLY that Lacerte hasn't fixed this yet!

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