Screen ORMPNOL - Multnomah and Portland Net Operating Loss (1120)

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Multnomah County Net Operating Loss Carryover

Income (Loss)
The
Income (Loss)
fields should reflect the taxable income or net operating loss amounts as reported on Forms C-
2025
or SC-
2025
for each of the preceding periods. Enter net operating losses as negative numbers.
Prior Year (Income Offset) NOL Utilized
The application adds the amounts in these fields to the income or loss amounts reflected in the Income (Loss) column to determine the amount of net operating loss available for carryover.

City of Portland Net Operating Loss Carryover

Income (Loss)
The
Income (Loss)
fields should reflect the taxable income or net operating loss amounts as reported on Forms C-
2025
or SC-
2025
for each of the preceding periods. Enter net operating losses as negative numbers.
Prior (Income Offset) NOL Utilized
The application adds the amounts in these fields to the income or loss amounts reflected in the Income (Loss) column to determine the amount of net operating loss available for carryover.
Use these fields to calculate the consolidated net operating loss deduction
Enter
X
to instruct the application to use the net operating loss information entered in this section to calculate the Multnomah / Portland County NOL Carryover Worksheet for a consolidated client. Leave this field blank to instruct the application to calculate the Multnomah County Consolidated NOL Carryover Worksheet and the Portland Consolidated NOL Carryover Worksheet using the combined amounts from the parent and all subsidiaries.

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