Example Use Case 1
TaxableIncomeBeforeLoss + TaxSpecialDeductions = 28,000
Current year: 2021
Current period: P12
Current entity: LE105
Table 29-7 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 |