CIT-120-R115 e-file error
Message NOL 4. Total NOL Available for use in this period (AR) shall be calculated as follows:If West Virginia Taxable Income (Column AN) is equal to or less than zero, then Column AR shall be zero.If West Virginia Taxable Income (Column AN) is greater than zero, then Column AR will equal the lesser of the following three options:West Virginia Taxable Income (Column AN)NOL 1. NOL generated prior to 2009 (Column AO)plus NOL 2. NOL generated from 2009 through 2017 (Column AP) plus NOL 3. NOL generated after 2017 (Column AQ)NOL 1. NOL generated prior to 2009 (Column AO)plus NOL 2. NOL generated from 2009 through 2017 (Column AP) plus (.8 times (Where West Virginia Taxable Income (Column AN) minus (NOL 1. NOL generated prior to 2009 (Column AO) plus NOL 2. NOL generated from 2009 through 2017 (Column AP))))RowReportedExpected
This happens when NOL is not calculated.
Solution
- Go to .
- SelectSchedule UB-CR, Worksheet - Regular En | (NAME),Schedule UB4CR Worksheet, Pg 2.
- Remove the override fromNOL 4. Available for the entity in this period.
note
The numbers must transfer naturally to these fields otherwise the return will be rejected.
