Elect to relinquish or waive NOL carryback

By default and per the IRS instructions, UltraTax CS will assume you're carrying back any current-year NOL. Do the following to waive the election to carryback the NOL:
  1. Go to the
    1045
    screen in the
    1045 & NOL
    folder.
  2. Mark the
    Elect to waive carryback of NOL incurred during the current tax year
      checkbox.
    When you mark this checkbox, the NOL Carryback Election will print.
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