The S corp had Ordinary business income of $451.00. On the CA 100S State Adjustments line 8 is 1251 after the $800 minimum tax paid was added back in. $1251 of carried over NOL was applied resulting in CA net Income line 20 being 0.
I should know this already, but I have been down the rabbit hole for days and trying to figure out if there is any flow through of the NOL to our 1040 to offset our personal taxes? I don't see the benefit of this NOL being tracked. The company has never owed more than $800 minimum to CA. If there is some adjustment I should be doing manually to the State return, I need some direction please.
