Screen HINOLCO - Hawaii Net Operating Loss Carryover (1040)

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Overview

UltraTax CS uses information entered in this screen to complete the Hawaii Carryover Report for the NOL, as used on Form N-11. Utilizations of the net operating loss are represented by a negative amount and net operating loss available is represented by a positive amount.
Taxable Income without NOL (Force)
Prior to 2018, Hawaii NOL wasn't limited to 80% of the taxable income. UltraTax CS automatically calculates allowable NOL deduction for years prior to 2018. Enter Hawaii Taxable Income
without NOL
to calculate NOL utilization for tax year 2018 and subsequent years.

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