I think I figured out my problem. Since this is the first time I am filing taxes in GA, I simply needed to enter my loss from my K1, then remove the bonus depreciation (federal depreciation adjustment) since GA does not allow for it and add back the state depreciation adjustment. Once I did this, I ended up with an overall loss as reported in my GA Form 700 line "Total GA income." I did not need to use the NOL carryover form since this is my first year. I presume I will need to use NOL carryover next year because I am booking a loss with the state of GA for this year.
Hope this helps!
