1041 NOL carryover does not Proforma to next year in Lacerte
by Intuit•3• Updated 9 months 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:
- Go to Screen 33, Miscellaneous Deductions and NOL.
- Check the box Force NOL worksheet to print in the Net Operating Loss section.
- Review the NOL Worksheet located in the Worksheet tab of the Forms view.
- Verify that the worksheet shows a NOL to be carried forward on line 25.
- If there is no amount on line 25, review the worksheet to see where the NOL was used up.
More like this
- Common questions about Net Operating Losses(NOLs), Form 172 and diagnostic ref 61199 in Lacerteby Intuit
- Common questions about corporate net operating loss (NOL) in Lacerteby Intuit
- Entering a NOL carryover in the Corporate module of Lacerteby Intuit
- Entering a net operating loss (NOL) for a year other than current tax year in Lacerteby Intuit