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Form 1120 Line 29a calculation. (Please do not mark my question as spam, thanks).
If I am filing a 2019 form 1120 with a NOL carryforward/carryover from 2018, and my carryover amount exceeds 80% of net income, should I put the full amount of the NOL carryover on line 29a of the form 1120?
Or should I only fill in the amount of the NOL carryover up to 80% of the net income?
(For whoever is marking my questions as spam, please stop - if I am breaking any rules of the forum please message me about it and I will fix/delete my post. Thank you).
‎January 6, 2020
6:46 PM