Screen ORMPNOL - Multnomah and Portland Net Operating Loss (1120)

Multnomah County Net Operating Loss Carryover

The
Income (Loss)
fields should reflect the taxable income or net operating loss amounts as reported on Forms C-
2024
or SC-
2024
for each of the preceding periods. Enter net operating losses as negative numbers.
The application adds the amounts in these fields to the income or loss amounts reflected in the Income (Loss) column to determine the amount of net operating loss available for carryover.

City of Portland Net Operating Loss Carryover

The
Income (Loss)
fields should reflect the taxable income or net operating loss amounts as reported on Forms C-
2024
or SC-
2024
for each of the preceding periods. Enter net operating losses as negative numbers.
The application adds the amounts in these fields to the income or loss amounts reflected in the Income (Loss) column to determine the amount of net operating loss available for carryover.
Enter
X
to instruct the application to use the net operating loss information entered in this section to calculate the Multnomah / Portland County NOL Carryover Worksheet for a consolidated client. Leave this field blank to instruct the application to calculate the Multnomah County Consolidated NOL Carryover Worksheet and the Portland Consolidated NOL Carryover Worksheet using the combined amounts from the parent and all subsidiaries.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close