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Why isn't PS limiting the loss on an individual return to 80%, and how do I fix that?

ronyoung
Level 1
 
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TaxGuyBill
Level 15

Are you referring to a NOL carryover from a prior year?  If so, the 80% limitation does not apply to pre-2018 NOLs.

If that is not what you are talking about, please give details about what type of loss you are referring to, and why you think it should be limited to 80%.


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TaxGuyBill
Level 15

Are you referring to a NOL carryover from a prior year?  If so, the 80% limitation does not apply to pre-2018 NOLs.

If that is not what you are talking about, please give details about what type of loss you are referring to, and why you think it should be limited to 80%.


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