Screen NECAdj - Nebraska Combined Adjustments (1120)

Net Operating Loss Adjustments

The application uses the information you enter in this section to calculate net operating loss carryover amounts for the combined corporation. Entering data in these fields adjusts the net operating loss carryover amounts derived from combining all parent and subsidiary client data. Adjustments entered in these fields increase the net operating loss if entered as positive and decrease the net operating loss if entered as negative.

Capital Loss Adjustments

The application uses the information you enter in this section to calculate capital loss carryforward amounts for the combined corporation. Entering data in these fields adjusts the capital loss carryover amounts derived from combining all parent and subsidiary client data. Adjustments entered in these fields increase the capital loss if entered as positive and decrease the capital loss if entered as negative.

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