This application allows the corporation to apply for a refund of a NOL carryback, Capital Loss Carryback or Unused General Business Credit, for the prior 3 years.
Answer all appropriate questions.
Lines 11-15 - If lines 1a and 1b are blank, skip lines 11-15.
Line 16 - Tax is computed for regular corporation, not controlled groups. You need to press F8 (override) to change tax amount for controlled groups.
If you are using multiple copies of this form, enter the copy numbers.
Questions 1-10 should only be answered on copy 1.
Use 4 copies of this form for 10-year (2 copies for 5-year) carryback.
This information applies to all years of the UltimateTax software.