Charitable contribution reclassified as NOL
UltraTax CS reclassifies disallowed charitable contributions as net operating loss (NOL). This happens with contribution carryovers aren't allowed and the taxable income minus the charitable contribution deduction doesn't fully absorb the carryover.
UltraTax CS prints the reclassed contribution on the Charitable Contribution Carryover Worksheet. You can find the worksheet in Forms View in the
CharCont
folder.
