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Screen MANOL - Massachusetts Net Operating Loss (1120)

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Net Operating Loss

(Net Operating Loss)
Enter, as a negative number, the post-apportionment net operating loss for each of the preceding periods.
Prior Year NOL Used
Enter, as a positive number, the amount of post-apportionment loss reflected in (
Net Operating Loss)
 that has been utilized in prior years.
Data share net operating loss carryovers to principal reporting corporation
For members of a Massachusetts combined unitary return not making or subject to an affiliated group election, mark this checkbox to have the application data share (
Net Operating Loss)
,
NOL
Adjustments
, and
Prior Year NOL Used
 with the principal reporting corporation of the Massachusetts combined unitary group.
Use these fields to calculate the combined net operating loss deduction
For consolidated S corporations, enter
X
 to instruct the application to use the consolidated S corporation’s net operating loss information entered in this section to calculate Schedule NOL and the net operating loss worksheets. Leave this box blank to instruct the application to calculate Schedule NOL and the net operating loss worksheets using the combined net operating loss, adjustments, and prior year used amounts from the parent and all subsidiaries.

Life Science Net Operating Loss

(Net Operating Loss)
For qualified life science corporations enter, as a negative number, the post-apportionment net operating loss for each of the preceding periods.
Prior Year NOL Used
For qualified life science corporations enter, as a positive number, the amount of post-apportionment loss reflected in (
Net Operating Loss)
 that has been utilized in prior years.

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