990-US: NOL carryover amount does not appear on Form 990-T, line 31 (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 990-T, line 31?


In accordance with Form 990-T 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 990-T, line 31.

Related topic: 990 frequently asked questions

Share This