Screen GASRLY - Georgia Separate Return Limitation Years (1120)

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Member's Cumulative Contributions

Member’s contribution to consolidated taxable income (Force)
Enter an amount, including a
0
(zero), if you wish to change the calculated amount. If this field is blank and the member incurred a net operating loss in a separate return limitation year, the application automatically calculates the member’s cumulative contribution to consolidated taxable income on the member’s GA Net Operating Loss Carryover Worksheet.

Consolidated Net Operating Loss Carryback

Taxable income (loss) (Force)
Enter an amount, including a
0
(zero), if you wish to change the calculated amount. If this field is blank, the application uses the member’s net operating loss from the GA Net Operating Loss Carryover Worksheet to apportion each member’s portion of the consolidated net operating loss. The member’s apportioned net operating loss is then absorbed against the member’s taxable income from the preceding two years.

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