Screen MTNOL - Montana Net Operating Loss Adjustments (1040)

Overview

Use this screen to complete the Montana NOL Adjustment Worksheet.

NOL Carryover Income and Adjustments

Information entered in this section is used to complete the Montana NOL Adjustment Worksheet.
UltraTax/1040-MT calculates nonbusiness capital gains and losses based on federally-coded (business / nonbusiness) designations on capital gains and losses. Use this field to force amounts calculated for quick data entry or when Montana amounts differ from the federally calculated amounts.
UltraTax/1040-MT calculates nonbusiness capital gains and losses based on federally-coded (business / nonbusiness) designations on deductions. Use this field to force amounts calculated for quick corrections or when Montana amounts differ from the federally calculated amounts.
UltraTax/1040-MT calculates nonbusiness income other than capital gains based on federally-coded income designations (business / nonbusiness). Use this field to force amounts calculated for quick data entry or when Montana amounts differ from the federally calculated amounts.
UltraTax/1040-MT calculates business capital gains and losses based on federally-coded (business / nonbusiness) designations on capital gains and losses. Use this field to force amounts calculated for quick data entry or when Montana amounts differ from the federally calculated amounts.
Use this field to override the calculated amount on the Montana NOL deduction of prior years when no proforma data is available or when data entry is missing in MTCO Screen.

Excessive Business Loss

Information entered in this section is for the excessive business loss attributed to Montana only.
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