FORM
XX000741
A
LABAMA
2008
NOL-F85A
D
R
EPARTMENT OF
EVENUE
Application of Net Operating Loss
Reset Form
Carryback or Carryforward
For year ending
Fiduciary Return (Form 41)
_______________, ________
Name of Estate or Trust as shown on Form 41 or Form 40X
Federal Employer Identification Number
PURPOSE OF FORM NOL-F85A: Form NOL-F85A is designed to apply a net operating loss sustained by an estate or trust (Form 41) to the next taxable year to which the
loss is being carried. Before Form NOL-F85A can be completed, you must first complete Form NOL-F85 to determine if you have an allowable net operating loss and the
amount that may be carried back or carried forward. See instructions for further information.
1
(a) Enter the taxable year during which
the net operating loss was incurred.
Beginning _________________________________, _______, Ending ___________________________, ______.
(b) Did you elect in Form NOL-F85 to forfeit
the election to carry this loss back?
Yes
No
PART I – Computation of Unused Net Operating Loss
2
Enter the net operating loss as shown on line 17, Part II of Form NOL-F85 or as shown on line 4, Form NOL-F85A.
2
(See instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
ALABAMA TAXABLE INCOME. Enter the amount shown on Alabama Form 41, page 1, line 5, for the tax year to
3
which this loss is being carried, if tax year 2006 and after. Refer to the instructions if carrying an NOL back or
forward to a tax year prior to 2006. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
UNUSED NET OPERATING LOSS. If line 2 exceeds line 3, subtract line 3 from line 2 and enter the difference
here. If line 3 exceeds line 2, enter zero. If the amount on this line is more than zero, you may carry this amount
forward to the next applicable year (Form NOL-F85A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
PART II – Application To Carryback / Carryforward Year
5
Enter the Alabama Taxable Income from Alabama Form 41 (page 1, line 5 for tax year 2006 and after), as last
5
determined. Refer to the instructions if carrying an NOL back or forward to a tax year prior to 2006. . . . . . . . . . . . . . . . . . . . . . . .
6
NET OPERATING LOSS TO BE APPLIED. Subtract the amount on line 4 from the amount on line 2 and enter
the difference here. If line 4 is zero, enter the amount shown on line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7
ALABAMA TAXABLE INCOME AFTER APPLICATION OF NET OPERATING LOSS. Subtract line 6 from line 5
7
and enter the result here. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART III – Computation of Tax
Complete lines 8 through 11 below to determine the correct tax due after application of the net operating loss.
8
8
$ __________________ at 2 percent (on first $500 or fraction thereof, of amount taxable as shown on line 7) . . . . . . . . . . . . . .
9
9
$__________________ at 4 percent (on next $2,500 or fraction thereof, of amount taxable as shown on line 7). . . . . . . . . . . . .
10
$__________________ at 5 percent (on all over $3,000 of amount taxable as shown on line 7) . . . . . . . . . . . . . . . . . . . . . . . . . .
10
11
TOTAL TAX DUE AFTER APPLICATION OF NET OPERATING LOSS. (Add lines 8, 9 and 10.) Enter here and
11
also on line 6, Form 41 or line 10, Form 40X . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ADOR