Skip to main content

Solutions

Products

Recommended products

Questions? We are here to help.
Contact us

Purchase

Questions? We are here to help.

Resources

Screens

Screen TNCO - Tennessee Net Operating Loss and Credit Carryover (1065)

Show all hidden content

General Information

Suppress printing of carryover worksheet
Suppress printing of carryover worksheet. Enter
X
 to suppress the printing of the TN Carryover Worksheet. Marking this field
does not
suppress the printing of Schedule U or V. The TN Carryover Worksheet is for informational purposes only; it shows Net Operating Loss carryovers to the next year and is not required as an attachment to the Tennessee return.

Net Operating Loss Carryover

Income (Loss)
The
Income (Loss)
 fields should reflect income amounts as reported on Form FAE 170, Page 4, Schedule J and loss amounts (as negative amounts) as calculated on Schedule K, Page 4, or Form FAE 174, Page 5, Schedule J and loss amounts (as negative amounts) as calculated on Schedule K, Page 5, for each of the 15 prior taxable years.
Prior Year (Income Offset) NOL Utilized
UltraTax CS adds the amounts in this column to the income or loss reflected in the
Income (Loss)
 column to determine the amount of carryover still available to the current year.

Industrial Machinery Credit Carryover

For Original Return or As Amended
Enter the amount of unused machinery credit as calculated on Schedule T for each of the 15 prior taxable years in this column. Enter the credit carryovers as positive numbers.
Used in Prior Year(s)
UltraTax CS subtracts the amounts in this column from the credit reflected in the
For Original Return or As Amended
column to determine the amount available for carryover. Enter the prior-year utilization amounts as positive numbers.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close