Drake Tax – AR: Prior-Year Corporate Net Operating Losses

Article #: 14011

Last Updated: December 05, 2024

 

Tags: Drake Tax

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Data Entry

Enter a separate AR NOL screen for each prior year from which an NOL is available to be applied this year.

Note  If you updated an AR1100CT return from last year, make sure that there is a separate AR NOL screen for each NOL year, except for last year. If needed, Page Down to create a new screen.

Each NOL screen identifies:

  • the year the NOL was produced

  • the original amount of the NOL

  • the subsequent years and amounts of any application of the NOL

  • the current-year application of the NOL

For more information, review the AR Instructions.