- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Turbotax California suspends net operating loss (NOL) for AGI less than $1 million in 2024
I have rental property carry forward losses from previous years. In 2024, Turbotax California suspends these net operating losses (NOL) when my AGI is much less than $1 million. (California enacted a law in June 2024 that suspends NOL in years 2024 through 2026 unless AGI is less than $1 million). This appears to be an error in the program. Can anyone help me? Will Intuit Turbotax fix this error by April 15, 2025?
‎January 15, 2025
8:19 AM