1120-US: NOL Carryover Worksheet (FAQ)

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How do I reduce the NOL carryover to reflect amounts no longer available?


UltraTax/1120 determines if any NOL carryover is available by netting the Prior (Income Offset) NOL Utilized amounts with the Income (Loss) amounts for each of the preceding tax years.

Related topic: 1120-US: Net operating loss deduction FAQs

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