Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- NOL Carryfoward
NOL Carryfoward
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
KaleyR
Level 2
02-13-2024
09:49 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
A taxpayer has a business and file a sch C. They got married and now filing MFJ. When I transfer to do MO 1040, it splits the NOL between both taxpayer and spouse. Am I missing something that should be marked just taxpayer? How do I get the Missouri to show taxpayer just gets the loss? Should I just over ride ?
2 Comments 2
Just-Lisa-Now-
Level 15
02-13-2024
10:25 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Since its MFJ, does it matter?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Christy H
Level 2
02-13-2024
04:01 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I am having a similar issue on the federal return. This was my question:
I have an existing tax client who married in 2023. The new spouse has a significant NOL from prior years. The NOL can only be used against the new spouses income. However, the ProSeries program is applying the NOL to both spouses income. How do I get the software program to only apply the NOL to the new spouse that incurred the NOL?
