Enter net operating loss (NOL)
Enter regular tax NOL
Enter the NOL carryover/carryback amount as a negative amount in the
Net operating loss
field on the Income
, Other
tab.note
Planner CS doesn’t track if an NOL was carried forward or carried back and won't calculate the amount of NOL utilized. If the NOL is limited, manually adjust the NOL amount for the year/alternative.
Enter alternative minimum tax (AMT) NOL
Enter AMT NOL carryover/carryback amounts in the
AMT net operating loss
field on the AMT
, Alt Min Tax
tab. The NOL is limited based on the percentage in the Percentage for ATNOL deduction
field.