Screen ORCO - Oregon Capital Loss Carryovers (1120)

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Capital Loss Carryover

Net Capital Gain (Net Capital Loss)
Enter the capital gain or loss information for each of the 5 prior taxable years. Enter capital gains as positive numbers and capital losses as negative numbers.
Prior Year (Gain Offset) Or Loss Utilized
The amounts entered in the
Prior Year (Gain Offset) Or Loss Utilized
fields are added to the amount reflected in the
Net Capital Gain (Net Capital Loss)
fields to determine the amount of loss carryover. Enter the capital loss utilized amounts as positive numbers and the capital gain offset amounts as negative numbers.
Use these fields to calculate the consolidated capital loss deduction
Enter
X
to instruct the application to use the consolidated corporation’s capital loss information entered in this section to calculate the OR Capital Loss Carryover Worksheet for a consolidated client.
Leave this field blank to instruct the application to calculate the OR Consolidated Capital Loss Carryover and Carryback Worksheet using the combined amounts from the parent and all subsidiaries.
Oregon capital gain or loss (Force)
Enter the Oregon current year capital gain or loss if different from the federal. The application uses this amount in determining the capital loss deduction for Oregon purposes.

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