Skip to main content

Solutions

Products

Recommended products

Questions? We are here to help.
Contact us

Purchase

Questions? We are here to help.

Resources

Screens

Screen INFICO - Indiana Financial Institution Loss Carryovers (1120)

Show all hidden content

Net Operating Loss Carryover

Total AGI (Loss) Prior to Apportionment
The
Total AGI (Loss) Prior to Apportionment
 fields should reflect the federal taxable income before net operating loss and apportionment, or the net operating loss for each preceding period. Enter NOLs as negative numbers for each of the 15 prior tax years and income as positive numbers.
Capital Loss Utilized
Enter the capital loss carryover utilized in each year as a positive number.
Prior Year (Income Offset) NOL Utilized
Enter the losses reflected in the
Total AGI (Loss)
Prior to Apportionment
 fields that were utilized in prior years in this column as a positive number. Enter the income reflected in the
Total AGI (Loss)
Prior to Apportionment
 fields that was offset by NOL in this column as a negative number.

Capital Loss Carryover

Net Capital Gain (Net Capital Loss) After Apportionment
The
Net Capital Gain (Net Capital Loss) After Apportionment
 fields should reflect the net capital gain after apportionment for each preceding period. Enter losses as negative numbers for each of the five prior tax years and gains as positive numbers.
Prior Year (Gain Offset) Or Loss Utilized
Enter the losses reflected in the
Net Capital Gain (Net Capital Loss) After Apportionment
 fields that were utilized in prior years in this column as positive numbers. Enter the gains reflected in the
Net Capital Gain (Net Capital Loss) After Apportionment
 fields that were offset by a loss in this column as a negative number.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close