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Screen KSNOL - Kansas Net Operating Loss (1120)

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Net Operating Loss Carryforward

Income (Loss)
The
Income (Loss)
column reflects the taxable income or net operating loss for each of the preceding periods. Enter the taxable income or net operating loss for each of the 10 prior taxable years. Enter net operating losses as negative numbers for each of the 10 prior tax years. Enter taxable income as positive numbers for each of the 10 prior tax years.
Expense Deduction
The
Expense Deduction
column reflects the amount of expensing deduction that was generated but not used on Form K-120EX. Enter the expensing deduction to be used as net operating loss starting in
2023
. These amounts should be entered as a negative and can be transferred forward up to 10 years.
Prior Year (Income Offset) Utilized
In the
Prior Year (Income Offset) Utilized
 column, enter one of the following:
  • The amount of the loss reflected in the
    Income (Loss)
     column that has been used in prior years. Enter the amount as a positive number.
  • The amount of income reflected in the
    Income (Loss)
     column that has been offset with net operating loss carrybacks. Enter the amount as a negative number.
Use these boxes to calculate the consolidated net operating loss deduction
If this box is blank, the application calculates the KS Consolidated NOL Carryover Worksheet using the consolidated amounts from the parent and all subsidiaries.
note
This box applies only to the application Consolidated returns. Enter
X
 to use the consolidated corporation’s net operating loss information entered in the Net Operating Loss Carryforward section to calculate the KS Consolidated NOL Carryover Worksheet.

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