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New Member
posted Feb 13, 2020 10:58:27 AM

What happens if I have an abnormal net operating loss on GA form 500 NOL? TT directed me to a printed GA form. The form doesn't give instructions on what to do.

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2 Replies
Expert Alumni
Feb 13, 2020 2:21:02 PM

Here is a link to the form and instructions, GA form 500 NOL.  Net Operating Loss is out of the scope of the program.

 

 

 

New Member
Jul 12, 2020 10:37:07 PM

I really hope TT will include GA 500-NOL in future state tax editions. This is one of the most confusing and cumbersome tax forms I have ever encountered. It is crazy that you have to complete this 3 page from by hand and look up records from previous tax years all while having essentially no instructions from the GA DOR. The instructions that are given are ridiculously hard to interpret . Of course, that is not TT's fault, but it would be GREAT if it was part of the GA state tax software. To top it off, you have to print the completed form and MAIL it in along with years of previous federal and state tax returns! Remind me what year this is? LOL