Insurance Returns: LNL Eligibility Check Box

Nonlife subgroup net operating losses that occur in a Life Nonlife top consolidation by default are NOT offset against life subgroup income. There is an election for the Nonlife subgroup NOLs to be eligible against life subgroup income. In order to have the Nonlife subgroup NOLs (1120 and 1120-PC) be offset against any life subgroup income, you must select a check box to determine for which year the election should be used. This check box is located in the Nonlife subgroup, Life subgroup, or Life Nonlife top consolidation.

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1120/oit_ins_nol_4.htm/TY2021

Last Modified: 03/20/2020

Last System Build: 01/31/2023