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Screen ALNOL - Alabama Net Operating Loss (1040)
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Overview
Use this screen to calculate the Alabama Carryover Report and Forms NOL-85 and NOL-85A.
General Information
This section is used to calculate the Alabama Carryover Report and Forms NOL-85 and NOL-85A.
Fifteen Year Carryforward Items
This section is used to calculate the Alabama Carryover Report and Forms NOL-85 and NOL-85A. Enter NOL carryover and utilization amounts for Form NOL-85A. In future years, the last field reflects the carryover amount as calculated by Form NOL-85 in the prior year.
Net Operating Loss
Use these fields to enter carryover items as positive numbers. Enter remaining carryover available for the current year. UltraTax CS uses these fields to calculate the Alabama Carryover Report.