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- How is the NOL deduction calculated in Proseries 1120?
How is the NOL deduction calculated in Proseries 1120?
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kgalland
Level 4
yesterday
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There is no worksheet in the 1120 Proseries Professional software showing how the NOL deduction is calculated. Taxpayer has no contribution deduction but the calculation is more than 80% of taxable income. I'm wondering if I need to override on the form?
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