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Screen MSAmend - Mississippi Amended Return (1120)

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General Information

Reason for amended return
Select the appropriate reason for filing an amended Mississippi return from the fieldview list. If you wish to amend the Mississippi return for a Mississippi correction, enter
1
. If you wish to amend the Mississippi return due to a federal correction, enter
2
. If you with to amend this return for a reason other than a Mississippi or federal correction, enter
3
 and also enter a reason in the
Explanation of changes
 statement.

Amounts as Previously Reported

Transfer original information
Enter
X
 to transfer the previously reported information to the fields in the Amounts as Previously Reported data section. Previously reported information is defined as the information contained in the return the last time it was printed or print previewed. Before entering
X
, verify the information on Form 83-105 or Form 84-105 is the information that was previously reported to the taxing agency.
note
If amending a state return in addition to the federal return, enter
X
in the
Transfer original information
field on the state’s amended screen prior to making changes to federal screen data.

Amended Amounts

Overpayment to be applied
Enter the amount of overpayment to apply to estimated tax. The application defaults to refunding 100 percent of the calculated overpayment amount. To apply the entire overpayment, enter an amount equal to or greater than the overpayment on the amended return.

NOL and Capital Loss Carryback (C Corp)

Net operating loss carryback
Enter the amount of net operating loss carryback for the MS NOL Carryover Worksheet and Form 83-155, Net Operating Loss & Capital Loss Schedule and Form 83-122, Net Taxable Income Schedule. This field does not apply to personal service corporations if the section 444 election applies.
Capital loss carryback
Enter the amount of the capital loss carryback for Form 83-122. The application does not allow the capital loss carryback to produce a net loss.

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