1120-US: Total NOL carryover amount does not appear on Form 1120, line 29a (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:

MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to transmit e-files from CS Connect. Find out more.


Why doesn't the total NOL carryover amount appear on Form 1120, line 29a?


In accordance with Form 1120 instructions, UltraTax CS limits the NOL deduction to the amount of the current-year income less special deductions. Therefore, if there is a loss in the current year, UltraTax CS uses zero for the NOL deduction on Form 1120, line 29a.

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

Share This