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CCH Axcess Tax

Schedule H - Connecticut Apportioned Operating Loss Carryover

To process Schedule H of Form CT-1120 ATT, use the federal Income & Deductions, "Net Operating Loss Carryforward" worksheet.

The Connecticut NOL carryforward is processed by entering an "S" in "Federal / State" and "CT" in "State Code" on the federal Income & Deductions, "Net Operating Loss Carryforward" worksheet.

Enter the year the loss originated, as well as the total carryover amount for that loss year. Enter amounts used by year in the "Year Used" section.

Enter the original loss as a POSITIVE number only in the year incurred. Enter the utilization of that loss on a year-by-year basis as a POSITIVE number.

The preparer may override the total net operating loss carryover to next year by entering an amount in "Total Connecticut apportioned operating loss carryover - O/R" on the Connecticut Income / Deductions, "Other Adjustments and Overrides" worksheet.