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Level 6
November 20, 2022
Question

NOL and Excess Business Loss Nightmare

  • November 20, 2022
  • 2 replies
  • 9 views

Well, will the nightmare continue for 2022?

Will ProSeries provide a NOL Carryover Worksheet that breaks out the NOL Carryovers by tax year? And properly figures the correct application of these?

Will ProSeries provide Form 461 Limitation on Business Losses?

Or are we going to have to jimmy the program around to report these correctly again?

I'm not holding my breath. How about you?

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2 replies

Level 7
November 20, 2022

Here's to "hoping"!

Level 15
November 20, 2022

I received an email from Intuit a week or two, and the title of it said something like "What's new for ProSeries 2022".

But then when I looked at it, it just a bunch of 'features; in the 2022 software, but nothing looked "new", except maybe a slight change to e-Signatures. In other words, it seems like Intuit is saying they didn't add anything new for 2022.