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Search Income Tax (ONESOURCE) Help and Support.

This article applies to:

Product: ONESOURCE Income Tax
Return type: 1120 Corporation
State: Kentucky
Subject: Print requirements

Schedule NOL print requirements

To print, calculate, or suppress Schedule NOL, Net Operating Loss Schedule:

For a combined return:

Go to

Tax Forms
States
Kentucky

.

Select Schedule NOL, Section A
. There must be an amount or NONE
on Line 6 or Line 7, and in Section B there must be an amount or NONE
in Line 3.

For a single return:

Go to

Tax Forms
States
Kentucky

.

Select Schedule NOL, Section B
. There must be an amount or NONE
in Line 3 or Line 4.

Go to

Organizer
State
Kentucky

.

Select Net Operating Loss
, Common States NOL Tracking
, then Kentucky
.

Go to the Kentucky NOL Carryover
section. Mark the Print summarized columnar schedule
checkbox.

Select Net Operating Loss
, then go to the Schedule NOL (Enter on Single, Parent, or Subsidiary returns Only)
section. Enter the amount or NONE
for the necessary lines.

Go to the Common State, General Information
folder.

Select Basic Return Information
, then go to the Filing Status
tab. In the Kentucky
row for Column C State Filing Method, change the selection from Mandatory NEXUS
to NONE
.

If the form still doesn't print, make sure it isn't suppressed:

Select Return Options
, then go to the Compute Options
section.

Clear the Suppress NOL calculation
checkbox.

Go to the Print Suppression
section and clear the checkbox for Schedule NOL
.

Do a full recompute, then print

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This article applies to:

Schedule NOL print requirements