How to resolve Lacertediagnostic ref. 58044

This article will help to resolve the following diagnostic:

• The program does not automatically calculate the amount of prior year Excess Business Loss allowed in the current year for the Qualified Business Income Deduction. Please manually enter the correct amount. (ref. #58044)

To resolve, follow these steps:

1. Click on the diagnostic from the Diagnostics tab.
   • This will take you to field Qualified Business Loss Carryovers. Otherwise, you can get there by:
     1. Open the Income menu.
     2. Go to Screen 15 Net Operating Loss Deduction.
     3. Select Federal Net Operating Loss.
     4. Choose the hyperlink Cur. Yr NOL/Misc under Loss.
     5. Scroll down to Qualified Business Loss Carryovers section.
2. Enter the appropriate amount in Excess business loss absorbed in TYXXXX (where XXXX is the tax year). If none, enter -1.

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