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This article applies to:

  • Product: GoSystem Tax RS
  • Return type: 1040 Individual
  • Subject: e-file

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

  1. Go to
    Tax forms
    Federal
    Sch 1
     and confirm that
    Line 8a
     has an amount.
    note
    If no amount is present on Schedule 1, Line 8a, then the NOL Deduction statement should be blank.
  2. Go to
    Organizer
    Income
    Miscellaneous income
    .
  3. Then go to
    Miscellaneous income
    , select
    Miscellaneous income
    .
  4. In the
    Net Operating Loss
     section, select
    NOL Deduction Statement – Required
    .
  5. Make the necessary data entries.
  6. Do a full recompute then recreate and resubmit the return.

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