New business and eligible small business NOL carryovers

New Business and Eligible Small Business NOL carryover amounts are combined with the General net operating loss (NOL) carryover on 1120 California returns. Based on the California Franchise Tax Board's Legal Division Guidance 2011-10-01 document, New Business and Eligible Small Business NOL carryover provisions are not relevant because NOLs for taxable years beginning on or after January 1, 2004 may be fully carried over without any limitations.
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