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

Alerts and notices
Proforma to current year

Calculated values from Form IT-40 resident return and information from Screens INNOL and INNOL-2 in  2017  proforma to Screen INNOL-2 in 2018. This information is used as follows:

  • To determine Indiana AGI (as defined by Indiana tax law) in prior years.
  • To determine if the taxpayer had any prior-year NOL(s).
  • To determine the amount of prior-year Indiana NOL(s) used against prior-year Indiana AGI and the amount available to offset current-year (or future) Indiana AGI.
Notes
  • If the return was not prepared 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.