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- 2021 Corporate Module - Indiana NOL
2021 Corporate Module - Indiana NOL
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twhitenack
Level 1
04-28-2022
09:37 AM
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I have a corporate client with a year end of 1/31/2022. In the fiscal year 1/31/2016 they had an NOL that has been carried forward with a little used each year. When I am doing the return for the year ending 1/31/2022, the amount used in the year ending 1/31/2021 in not being reflected on the IT-20NOL. The form lists 1/31/20 for the 4th year following but skips to 1/31/022 for the 5th year. How can I correct this in the system. All the numbers are correctly entered in the IT-20NOL detail screen, but not correctly flowing to the actually form and return.
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sjrcpa
Level 15
04-28-2022
10:18 AM
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I'm not familiar with IN NOLs, but did they do something like CA has done before- limit or suspend NOL deductions for certain years?
The more I know, the more I don't know.
