E-file diagnostic: NOL Deduction statement
Learn how to complete the required Net Operating Loss (NOL) deduction statement when Schedule 1, line 8a contains an NOL deduction amount to resolve e-file errors.
Schedule 1: If there is a net operating loss deduction amount on line 8a, then the net operating loss carryforward deduction statement must have data in order to e-file. Navigate to Organizer \ Income \ Miscellaneous Income \ Miscellaneous Income \ Miscellaneous Income \ Button for NOL Statement (Rule Numbers: IND-368-01)
Cause
This diagnostic occurs when Schedule 1, Line 8a has an amount but the data entry for the NOL deduction statement is missing.
Solution
- Go to and confirm thatLine 8ahas an amount.noteIf no amount is present on Schedule 1, Line 8a, then the NOL Deduction statement should be blank.
- Go to .
- Then go toMiscellaneous income, selectMiscellaneous income.
- In theNet Operating Losssection, selectNOL Deduction Statement – Required.
- Make the necessary data entries.
- Do a full recompute then recreate and resubmit the return.
