Screen IACAdj - Iowa Consolidated Adjustments (1120)

Net Operating Loss Adjustments - Regular Tax

The application uses the information entered in this section to calculate net operating loss carryover amounts for the consolidated corporation for regular tax purposes. Entries in these fields adjust the net operating loss carryover amounts derived from combining all parent, subsidiary, and elimination client data. Adjustments entered in this section increase the NOL if you enter as positive and decrease the NOL if you enter as negative.

Net Operating Loss Adjustments - AMT

The application uses the information entered in this section to calculate net operating loss carryover amounts for the consolidated corporation for alternative minimum tax purposes. Entries in these fields adjust the net operating loss carryover amounts derived from combining all parent, subsidiary, and elimination client data. Adjustments entered in this section increase the NOL if you enter as positive and decrease the NOL if you enter as negative.

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