1040-IN: Proforma prior-year information to current year

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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.

Proforma to current year

Calculated values from Form IT-40 resident return and information from Screens INNOL and INNOL-2 in the 2016 version of UltraTax/1040-IN proforma to Screen INNOL-2 in the 2017 version of UltraTax CS. This information is used as follows:

  • If the return was not prepared in UltraTax CS in the prior year, or if the prior-year return was prepared erroneously, manual data entry is necessary. See Applying prior-year NOL to current-year income.
  • Information on Schedule IT-40NOL, the NOL Worksheets, and the Carryover Summary does not proforma from year to year. Instead, prior year amounts are established via information that proformas to Screen INNOL-2, as noted above.
  • If the taxpayer and spouse are taxed separately for county tax purposes, see Taxpayer and spouse amounts.

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