Understanding the requirements for handling company tax losses and how to deal with a current year tax loss in a company.

For CTR Form, it is necessary to visit the "Reconciliation" tab. 

In this example, a Company has "Taxable Loss" of $155,638, it is reflected through the "Reconciliation", 

To find the Losses Schedule:

You have to manually insert the losses you want to apply.

Select "Other", and then, "Losses", and fill the required boxes via "Edit" button.

Type in the $155,638 "Taxable Income" amount via "ADD Tax loss incurred (if any) during current year"

You'll come up with "Tax losses carried forward to later income years"

Note: Claimable loss value should reflect in the recon section to reduce the profit to Zero.

Related Article:

Company Losses (Carried Forward Loss) CTR - Applying Prior Year Loss

Reporting Partnership, Interest, Trust & Dividend Income for Company