ProConnect HelpIntuit HelpIntuit

1041 NOL carryover does not Proforma to next year in Lacerte

SOLVEDby Intuit6Updated over 1 year ago

Where to check in Lacerte if the NOL did not carryover as expected:

  • In the Forms Tab review, General Info to verify the carryover is listed.
  • Ensure there is a current year NOL:
    1. Go to Screen 33, Miscellaneous Deductions and NOL.
    2. Check the box Force NOL worksheet to print in the Net Operating Loss section.
    3. Review the NOL Worksheet located in the Worksheet tab of the Forms view.
    4. Verify that the worksheet shows a NOL to be carried forward on line 25.
    5. If there is no amount on line 25, review the worksheet to see where the NOL was used up.

Was this helpful?

You must sign in to vote, reply, or post
Lacerte Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.

More like this

Dynamic AdsDynamic Ads