Federal NOL Deduction detail F500P1

[maxchen]

Turbo tax asks me to upload Federal NOL deduction detail:F500P1 when I try to efile Virginia state corporation tax return. What is this? Where do I get it?

[RobertB4444]

An NOL (Net Operating Loss) is a negative overall income for this or a prior year.  It goes on your return as a negative and reduces your income.  If you had a negative income in a prior year and carried it into this year then the explanation would be "NOL carryforward from prior year".  

If you have not used a negative number intentionally in your preparation of your tax return then you need to go back through your federal return and see why it thinks you have entered a negative number.

[maxchen]

Yes, I understand NOL. Turbo tax is asking me to upload Federal NOL deduction detail:F500P1 as an attachment before I can efile the Virginia state return. My question is what is F500P1? Does it stand for Form 500 Page 1? Do I print it from the return first and upload it as attachment?

[RobertB4444]

That is a state form and you probably just need to enter your NOL explanation into the state form to match the explanation on your federal form.

[TSL-28]

I have the same issue; how did you solve it? What form was attached? Do I upload the Net Operating Loss Worksheet from the Federal as attachment?

[TSL-28]

I have the same issue; how did you solve it? What form was attached? Do I upload the Net Operating Loss Worksheet from the Federal as attachment?