Screen GACAdj - Georgia Consolidated Adjustments (1120)

Overview

Use this screen to enter adjustments to the consolidated net operating loss carryover amounts. Complete this screen only for the consolidated corporation.
The application uses the information entered in this screen to calculate net operating loss carryover and carryback amounts for the consolidated corporation. Entering data in these fields adjusts the net operating loss carryover amounts derived after combining all parent and subsidiary client data. Adjustments entered in the Net Operating Loss Adjustments section increase the net operating loss if entered as positive and decrease the net operating loss if entered as negative. Adjustments entered in the Net Operating Loss Carryback section increase the income available to be offset by net operating loss carryback if entered as positive and decrease the income available to be offset by net operating loss carryback if entered as negative.

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