Screen ILNOL - Illinois Net Loss Deduction (1065)

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Net Operating Loss

Use this section to complete Schedule NLD, Illinois Net Loss Deduction. UltraTax CS automatically limits amounts entered in this section to current-year income.
Preceding Year Ending
Use the boxes in this column to enter the date of any prior year losses. The oldest date should be entered first with no blank rows between years.
Reported Net Loss Enter loss as negative
Use the boxes in this column to enter prior year net operating losses. Enter loss amounts as negative numbers. Enter the oldest allowable loss first with no blank rows between losses.
Prior Year Net Loss Utilized
Use the boxes in this column to show what portion of the loss column was utilized. UltraTax CS adds the amounts in the two columns to determine if there is an NOL carryover available to the current year.

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