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Screen AKSRLY - Alaska Separate Return Limitation Years (1120)

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Member's Cumulative Contributions

Enter an amount, including 0, to change the amount calculated by the application. If this field is blank and the member incurred a net operating loss (NOL) in a separate return limitation year, the application automatically calculates the member’s cumulative contribution to consolidated taxable income on the member’s AK Net Operating Loss Carryover Worksheet and Charitable Contribution Carryover Worksheet.
Enter an amount, including 0, to change the amount calculated by the application. If this field is blank and the member incurred a capital loss in a separate return limitation year, the application automatically calculates the member’s cumulative contribution to consolidated capital gain net income on the member’s AK Carryover Worksheet.

Consolidated Net Operating Loss and Capital Loss Carryback

Enter an amount, including 0, to change the calculated amount. If this field is blank, the application uses the member’s net operating loss from the AK NOL Carryover Worksheet to apportion each member’s portion of the consolidated NOL. The member’s apportioned NOL is then absorbed against the member’s taxable income from the preceding two years.
Enter an amount, including 0, to change the calculated amount. If this field is blank, the application uses the member’s capital loss from the AK Carryover Worksheet to apportion each member’s portion of the consolidated capital loss. The member’s apportioned capital loss is then absorbed against the member’s taxable income from the preceding three years.
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