Screen Adjust - Consolidated Adjustments (1120)

Capital Loss Adjustments

Entering data in these fields adjusts the net capital loss carryover amounts derived from combining all parent, subsidiary, and elimination return data. Adjustments entered in the Carryover column increase the loss if entered as positive and decrease the loss if entered as negative. Adjustments entered in the Carryback column increase the Gain Available to be Offset by Carryback if entered as positive and decrease the Gain Available to be Offset by Carryback if entered as negative.

Net Operating Loss Adjustments

Entering data in these fields adjusts the net operating loss carryover amounts derived from combining all parent, subsidiary, and elimination return data. Adjustments entered in these fields increase the NOL if entered as positive and decrease the NOL if entered as negative.
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