1120-US: Why is Form 1139 printing (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.

Question

Why is Form 1139 printing?

Answer

Form 1139 prints if there is an entry in any of the following fields on Screen 1139:

Form 1139 also prints if there is a value entered in the Carryback period for net operating loss field and the NOL Carryover Worksheet reflects a carryback, or if there is a net capital loss in the current year and a net capital gain exists in one of the preceding tax years. If capital gains existed in prior years and have not been offset, a capital loss must be carried back before it can be carried forward.

Related topic: 1120-US: Form 1139 - Application for refund FAQs

Share This