How to resolve ProConnect Tax diagnostic ref. 58044

This article will help to resolve the following diagnostic:

• The program does not automatically calculate the amount of prior year Excess Business Loss allowed in the current year for the Qualified Business Income Deduction. Please manually enter the correct amount. (ref. #58044)

To resolve, follow these steps:

1. Go to Input Return ⮕ Net Operating Loss ⮕ Cur. Yr NOL/Misc.
2. Scroll down to Qualified Business Loss Carryovers section.
3. Enter the appropriate amount in Excess business loss absorbed in TYYYYY (where YYYY is the tax year). If none, enter -1.

While this is a critical diagnostic it won't prevent e-file transmission.