Net operating loss (NOL) deduction for part-year/nonresident

Current-year NOL or NOL deductions from prior-year losses doesn't calculate automatically for part-year residents or nonresidents.

Current-year NOL

Use Schedule IT-40NOL, in the
Non Calculating
folder, to determine the current-year NOL. The system doesn’t track or transfer forward NOL carryforwards for part-year residents or nonresidents.

NOL deduction

Use the
Indiana net operating loss deduction
fields on the
INAdj
screen to enter the amount of NOL deduction to report on Indiana Schedule C.
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