1120-US: NOL Carryover Worksheet (FAQ)

Alerts and notices
Leave feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

Question

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

Answer

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

Share This