1120-US: NOL Carryover Worksheet (FAQ)

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

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

Characters left:

IRS filing deadline update

The IRS MeF system is now processing returns, and the filing deadline has been extended to 11:59 PM on Wednesday, April 18, 2018. For the latest details, see UltraTax CS alerts and notices.


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


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