1. Administering Tax Reporting
  2. Working with Net Operating Losses (NOL)/Credits
  3. Learning NOL Automation Calculation Rules
  4. Expiring Tax Loss/Credit
  5. Example Use Cases: Expiration
  6. Example Use Case 1

Example Use Case 1

TaxableIncomeBeforeLoss + TaxSpecialDeductions = 28,000

Current year: 2021

Current period: P12

Current entity: LE105

Table 28-7 Example Use Case 1: Expiration

Unrecognized Net Operating Losses     Unrecognized Capital Loss    
Year of Expiration TLCAvailable Expiration Automated Year of Expiration TLCAvailable Expiration Automated
2019 20,000 -20,000 2021 5,000 -5,000
2020 10,000 -10,000 2022 10,000