[Skynet]

I am working on an 1120 C corp. Last year the C Corp had a net loss. This year it had a net profit. Part of the NOL carryover and cancelled out the Net profit. How do I deal with the remaining NOL carryover in Proseries? How does it affect the balance sheet?

Any help is greatly appreciated.

[Joel]

Proseries will generate a NOL carryover to next year automatically

FAR-65,69,80 EXP,73, 80
AUD-61,65,84 EXP, 73,78 DONE......
REG-73 So close, 64, 81
BEC-69, 70, 69, 77

I CAN'T BELIEVE IT, AFTER 3.5 YEARS OF STUDYING
I'M FINALLY DONE!!!!!!!!!!

[Joel]

Proseries will generate a NOL carryover to next year automatically

FAR-65,69,80 EXP,73, 80
AUD-61,65,84 EXP, 73,78 DONE......
REG-73 So close, 64, 81
BEC-69, 70, 69, 77

I CAN'T BELIEVE IT, AFTER 3.5 YEARS OF STUDYING
I'M FINALLY DONE!!!!!!!!!!

[Author]

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