NOL Automation - Federal

You can use the Federal Units - Other Administration Options to calculate a percentage of the current federal loss to reclass as a NOL deferred tax asset and enter the Base NOL Allowance. This option creates a Federal Only NOL adjustment while not affecting the state calculation.
To activate the
NOL
for a unit:
  1. Select
    My Datasets > Units > More > Other > Automation > Enable NOL Automation
    .
  2. Type the
    NOL Allowance Rate
    . Type the percent of the current federal income for reclassing a NOL deferred tax asset.
  3. Type the
    Base NOL Allowance
    . If there is an annual NOL limitation (sec 382), type the amount in the Base NOL Allowance field. The system limits the amount used for current federal income.