Line 20 – AMT net operating loss (NOL) deduction

For taxable years beginning on or after January 1, 2024, and before January 1, 2027, California has suspended the NOL carryover deduction. Taxpayers may continue to compute and carryover an NOL during the suspension period. However , taxpayers with net business income or modified AGI of less than $1,000,000 or with disaster loss carryovers are not affected by the NOL suspension rules. For more information, get form FTB 3805V.

If you are carrying over an NOL from a prior year, refigure your NOL deduction for AMT purposes as follows: