Net operating loss (NOL) deduction for part-year/nonresident: 1040 Indiana (IN)

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Current-year NOL or NOL deductions from prior year losses are not automatically calculated for part-year residents or nonresidents.

Current-year NOL 

Use Schedule IT-40NOL, in the Non Calculating folder, to determine the current-year NOL. NOL carryforwards for part-year residents or nonresidents are not tracked or carried forward.

NOL deduction

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

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