1120-US: Pre-change items adjusting the IRC 382 limitation (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:


Will the application automatically adjust the IRC 382 limitation due to recognition of other pre-change items?


Unfortunately, the application does not currently have the ability to automatically determine when other pre-change items are being recognized. Enter any increase or decrease to the annual limitation that is applicable in the current tax year due to recognition of built-in gains or losses or utilization of pre-change net capital losses in the Current year adjustments to annual limit due to recognition of other pre-change items field on Screen 382NOL. Items entered as a positive number will increase the annual limit. Decreases to the annual limit should be entered as a negative number.

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

Share This