Should Georgia Schedule 4, Net Operating Loss Application be completed in the year of the NOL? For example, should the form be used in 2024 filing for 2024 losses?

I have an S-Corp operating loss in 2024 tax year. Income/Losses flow through as income on 1040. Can't tell if TT already reflected the allowed 2024 loss for Georgia return, OR if I need to complete the Schedule 4 application. Georgia instructions make the form seem that it may only be needed for carryover purposes in future years.