Virginia Corporate Form 500 - e-File Block for NOL Deduction
Software reference · Written guide Content date 1 min read
When attempting to mark a Virginia Corporation tax return for electronic filing, you may receive the following messages in a window headed "Reasons why Virginia return can NOT be filed electronically for [name]":
NOL Deduction amount in Form 500FED must equal Federal amount in Heading Information.
The illustration for this step is not available yet. Follow the written instructions.
To correct the information contained within the return and remove the e-file block, from the main menu of the Virginia corporate return, select:
- Heading Information
- Was a NOL claimed in Fed Taxable Income - Select YES and fill in all applicable fields within the menu
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Select Attach PDF for Federal NOL - Attach a PDF copy of the federal form being filed that shows the calculation of the Federal NOL