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nol-tracking

Computes C-corporation NOLs and applies carryback/carryforward rules across tax eras.

Updated Mar 13, 2026
Search Tags:#tax#tcja#c-corp#nol#carryforward#cares act#section 382
Ready to run
npx skills add https://github.com/AeyeOps/aeo-basis-plugin-marketplace --skill nol-tracking
💬 Prompt for ChatGPT / Claude Chat▼
Please help me install this Agent Skill.
Skill: nol-tracking
Source: https://github.com/AeyeOps/aeo-basis-plugin-marketplace/tree/main/plugins/tax-prep/skills/nol-tracking
Command: npx skills add https://github.com/AeyeOps/aeo-basis-plugin-marketplace --skill nol-tracking

SYSTEM DOCUMENTATION & REQUIREMENTS

💡 This Skill includes scripts (resource) and references (resource) components.

What problem does it solve?

This Skill helps C-corporations accurately compute, track, and manage Net Operating Losses (NOLs), ensuring compliance with complex carryback/carryforward rules and optimizing tax liabilities.

Core Features & Use Cases

  • NOL Computation: Calculates NOLs based on Form 1120 data.
  • Carryback/Carryforward Management: Applies rules across different tax eras (pre-TCJA, TCJA, CARES Act) and tracks expiration.
  • Utilization Planning: Manages the 80% TCJA limit and FIFO ordering for mixed-era NOLs.
  • Section 382 Analysis: Identifies and applies limitations due to ownership changes.
  • Use Case: Reconstruct a multi-year NOL history for a C-corp to determine the optimal utilization strategy for a large NOL carryforward, minimizing current year tax.

Quick Start

Use the nol-tracking skill to compute the net operating loss for the current tax year based on the provided financial data.

Frequently Asked Questions about nol-tracking

High-intent search queries and answers about installing and using this skill.

FAQPage Schema
How do I compute C-corp net operating loss carryforward under TCJA and CARES Act rules?▼

C-corp net operating loss computation applies carryforward rules across different tax eras, tracking TCJA and CARES Act provisions. It calculates losses based on Form 1120 data and manages the 80% limitation to optimize current year tax liabilities.

How does Section 382 ownership change limitation affect NOL carryforward utilization?▼

Section 382 ownership change limitations restrict NOL carryforward utilization for C-corporations. The tracking process identifies applicable ownership changes and applies the corresponding limitations to ensure accurate NOL utilization planning and tax compliance.

What is the best way to reconstruct a multi-year NOL history for a C-corporation?▼

Multi-year NOL history reconstruction aggregates Form 1120 data across different tax eras to determine optimal utilization strategies. FIFO ordering manages mixed-era NOLs, applying pre-TCJA, TCJA, and CARES Act rules to minimize current year tax liabilities.

How do I manage FIFO ordering for mixed-era NOLs with the 80% limitation?▼

Mixed-era NOL management uses FIFO ordering to sequence utilization and applies the 80% TCJA limitation to current year taxable income. This ensures carryforward rules across pre-TCJA, TCJA, and CARES Act eras are accurately tracked and applied.

Can I track NOL carryback rules for C-corps across different tax eras?▼

C-corp NOL carryback tracking applies era-specific rules from pre-TCJA, TCJA, and CARES Act provisions. It calculates carryback periods based on Form 1120 financial data and monitors expiration timelines to maintain accurate utilization schedules.

Why does my C-corp NOL utilization hit the 80% limitation wall?▼

The 80% TCJA limitation restricts NOL carryforward utilization to 80% of current year taxable income. Tracking this constraint alongside FIFO ordering for mixed-era NOLs ensures accurate tax liability calculations and Form 1120 reporting compliance.

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