Screen ORNOL - Oregon Net Operating Loss Carryovers (1120)

Show all hidden content

Net Operating Loss Carryover

Income (Loss)
The
Income (Loss)
fields should reflect the taxable income or net operating loss amounts as reported on Form OR-20 or Form OR-20-INC for each of the preceding periods. Enter net operating losses as negative numbers.
Prior Year (Income Offset) NOL Utilized
The application adds the amount in these fields to the income or loss reflected in the
Income (Loss)
field to determine the amount available for carryover. Enter utilizations of net operating losses as positive numbers and income offsets as negative numbers.
Use these fields to calculate the consolidated net operating loss deduction
Enter
X
to instruct the application to use the consolidated corporation’s net operating loss information entered in this section to calculate the OR Net Operating Loss Carryover Worksheet for a consolidated client.
Leave this field blank to instruct the application to calculate the OR Consolidated NOL Carryover Worksheet using the combined amounts from the parent and all subsidiaries.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close