Form 1139 printing

Form 1139 prints if there's an entry in any of the following fields on the
1139
screen:
  • Eligible for two-year carry over of net operating loss
    is marked and
    Net operating loss (Force)
  • Net capital loss (Force)
  • Unused general business credit (Force)
  • Claim of right adjustment
Form 1139 also prints if the NOL Carryover Worksheet reflects a carryback, or if there's a net capital loss in the current year and a net capital gain exists in one of the preceding tax years.
If capital gains existed in prior years and haven't been offset, a capital loss needs to be carried back before it can be carried forward.

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