Screen HINOL - Hawaii Net Operating Loss Computation (1041)

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General Information

Carryback period code or description
To calculate a four-year or five-year carryback of a farming loss:
  1. Open two units of the HINOL-2 screen.
  2. In the first unit, enter information for the 3rd, 2nd, and 1st preceding tax years.
  3. In the second unit, enter information for the 5th and 4th preceding tax years.

Net Operating Loss

Business capital loss carryover
This amount reduces the calculated amount of business capital losses on Form N-109, Schedule A, line 5a.

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