Screen NESRLY - Nebraska Separate Return Limitation Years (1120)

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Limitation Years

The application uses the information entered in this section to calculate the net operating amounts for combined returns. Enter X next to each preceding year if you filed a separate return.

Member's Cumulative Contributions

The application calculates the member’s cumulative contributions to combined taxable income if the net operating loss was incurred by the member in a separate return limitation year. The application then limits the member’s net operating loss carryforward that returns it to the combined return to the member’s cumulative contribution.
Member’s cumulative contribution to combined taxable income (Force)
Enter an amount, including 0, 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 calculates the member’s cumulative contribution to combined taxable income on the member’s NE Net Operating Loss Carryover Worksheet.
Member’s cumulative contribution to combined capital gain (Force)
Enter an amount, including 0, if you want to change the calculated amount. 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 combined capital gain on the member’s NE Capital Loss Carryover Worksheet.

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