Capital loss carryover
You can update the history of a corporation's capital gains and losses to reflect the current available amount. UltraTax CS/1120 nets the prior (gain offset) or loss-used amounts with the net capital gain (net capital loss) amounts in the preceding tax years.
- Enter the amount of capital loss used in a prior year as a positive number.
- Enter the amount of the capital gain from carrybacks as a negative number.
