Why am I not able to use the entire NOL Net Operating Loss Carryover from previous several years? It uses only 80%, but I have over 2.5M NOL carryover since 2015.
Why am I not able to use the entire NOL Net Operating Loss Carryover from previous several years? It uses only 80%, but I have over 2.5M NOL carryover since 2015.
Yes I read up on the rules. But they did not agree with the intuit Proconnect automatically using the 80% NOL offset. How can I change or override this in Intuit while completing the tax return?
@sjrcpa@abctax55 just finished one with this, and pro series professional did a good job. Also watch on the State corporate returns, Pennsylvania has its own rules concerning nol.
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