Limit for IRC 382 NOL deduction calculation
UltraTax CS determines the applicable limit for the IRC 382 NOL deduction as the sum of the following 3 fields on the
382NOL
screen in the 382 NOL
folder:- Annual limit determined under Section 382
- Current-year adjustments to annual limit due to recognition of other pre-change items x
- Carryover of excess Section 382 limit from prior years
