I want my 2019 Form 1065 to reflect the new tax law changes like repeal of the interest deduction limitation, from the CARES act, but the defaults are still set to limit the deduction. Is there an override?
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Are the changes retroactive back to 2019? Or just for 2020?
They are retroactive, basically repealing changes made beginning calendar year 2018 for interest expense limitations, NOL carrybacks, bonus depreciation, etc.
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