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I have a 2018 Calif Sub S NOL. Will Lacerte allow me to amend the 2016 Sub S Corp tax return . I haven't figured out a way to enter the change.

jimgsabbatini
Level 3

I prepared a 2018 Sub S return for California on Lacerte. Lacerte in their diagnostics says file an amended 2016 California return to carryback the loss. However when I go to the 2016 Lacerte Program there is no way that I have found to enter the change of income. 

Does Lacerte just not do California Sub S amended returns ? 

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George4Tacks
Level 15

The only way to do it is "cheat". Show it as a carryover from 2015 to get the NOL onto the 3805Q return. Alternatively enter it in Screen 44 as an "other adjustments" and use the wording from the instructions below “2018 NOL carryback deduction”. 

The corporation claims the NOL carryback by amending the 2016 and/or 2017 tax return using Form 100X, or Form 109, California Exempt Organization Business Income Tax Return. Note: If the corporation will claim the NOL as a carryback in any of the previous two years, the corporation will first file the applicable 2018 tax return and attach the completed 2018 form FTB 3805Q to the tax return. After the 2018 tax return is filed, the corporation will file the amended return for 2016 and/or 2017 to claim the NOL carryback deduction and provide the following explanation on Form 100X, Part V, line 2, Explanation of Changes: “2018 NOL carryback deduction”. For amended Form 109, attach a statement and provide the following explanation: “2018 NOL carryback deduction”. 


Here's wishing you many Happy Returns

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5 Comments 5
George4Tacks
Level 15

The only way to do it is "cheat". Show it as a carryover from 2015 to get the NOL onto the 3805Q return. Alternatively enter it in Screen 44 as an "other adjustments" and use the wording from the instructions below “2018 NOL carryback deduction”. 

The corporation claims the NOL carryback by amending the 2016 and/or 2017 tax return using Form 100X, or Form 109, California Exempt Organization Business Income Tax Return. Note: If the corporation will claim the NOL as a carryback in any of the previous two years, the corporation will first file the applicable 2018 tax return and attach the completed 2018 form FTB 3805Q to the tax return. After the 2018 tax return is filed, the corporation will file the amended return for 2016 and/or 2017 to claim the NOL carryback deduction and provide the following explanation on Form 100X, Part V, line 2, Explanation of Changes: “2018 NOL carryback deduction”. For amended Form 109, attach a statement and provide the following explanation: “2018 NOL carryback deduction”. 


Here's wishing you many Happy Returns
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George4Tacks
Level 15
Maybe @Intuit Katie or @Kathi_at_Intuit can give a company view on how to do CA NOL carryback in the prior year return.

Here's wishing you many Happy Returns
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IntuitKatieB
Moderator
Moderator
To answer the question of if Lacerte can generate the amended CA S Corp return, yes it can. Here are instructions on how to generate 100X in Lacerte. https://accountants-community.intuit.com/articles/1609163-generating-amended-california-form-100x-in...
I am doing a bit more research in reference to the NOL specifically and will get back with you shortly.
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IntuitKatieB
Moderator
Moderator
@George4Tacks After some more digging, I would have to agree with your method of showing it as a 2015 carryover to pull it to the 3805Q. Thanks for your valuable input!
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jimgsabbatini
Level 3
George you answer worked Perfect.  I spent over an hour on the line with support who had no clue
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