1040-IN: NOL deduction for part-year/nonresident

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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.

UltraTax CS does not calculate a current-year NOL or NOL deduction from a prior year loss for part-year residents or nonresidents.

Current-year NOL 

Use Schedule IT-40NOL, in the Non Calculating folder, to determine the current-year NOL. UltraTax CS does not track NOL carryforward for part-year residents or nonresidents.

NOL deduction

Use the Indiana net operating loss deduction fields on Screen INAdj to enter the amount of NOL deduction to report on Indiana Schedule C.

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