DMarkM1
Expert Alumni

State tax filing

You may need to clarify what was disallowed and what reason was provided.  VT does allow a negative Federal Adjusted Gross income and negative modifications and negative Federal Adjusted Gross Income with modifications.  Here are the VT form instructions (see page 10).

 

I haven't found anything in the VT instructions that disallows a NOL included in the federal adjusted gross income.    

 

  

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