Question
RE: IND NOL's (IT40-NOL), Line 2, -- Previous year's NOLs incorrectly show an error if a negative number appears on line 2
When the prior year Indiana IT-40 transfers-into the current year's return, the current year's return shows an error on the imported NOLs if line 2 is a negative amount. This is wrong.
A negative number is common on line 2 due to the state's decoupling of bonus depreciation, for example. However, a negative number in the current year's NOL calculation of that form does NOT throw off that error. This is correct. Please correct the program so the prior year' imported NOLs do not show an error if line 2 is a negative number.
