Montana Form Nol - Montana Net Operating Loss - 2014

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MONTANA

NOL

Clear Form

Rev 10 14

2014 Montana Net Operating Loss

15-30-2119, MCA and 42.15.318, ARM

Calendar year 2014 or tax year beginning ___________2014 and ending ________________

Social Security Numbers

First Name and Initial

Last Name

Spouse’s First Name and Initial

Last Name

Schedule A

1. Enter the amount from your 2014 Montana Form 2, line 43 ...............................................................................1.

2. Nonbusiness capital losses before limitation. Enter as a positive number ..........................2.

3. Nonbusiness capital gains (without regard to any section 1202 exclusion) ........................3.

4. If line 2 is more than line 3, enter the difference; otherwise, enter zero ..............................4.

5. If line 3 is more than line 2, enter the difference; otherwise, enter zero .. 5.

6. Nonbusiness deductions. See instructions ..........................................................................6.

7. Nonbusiness income other than capital gains. See instructions .............7.

8. Add lines 5 and 7 .................................................................................................................8.

9. If line 6 is more than line 8, enter the difference; otherwise, enter zero .............................................................9.

10. If line 8 is more than line 6, enter the difference; otherwise, enter

zero. Do not enter more than the amount on line 5 .............................10.

11. Business capital losses before limitation. Enter as a positive number ..............................11.

12. Business capital gains (without regard to any section 1202 exclusion). ..12.

13. Add lines 10 and 12 ...........................................................................................................13.

14. Subtract line 13 from line 11. If zero or less, enter zero ....................................................14.

15. Add lines 4 and 14 .............................................................................................................15.

16. Enter the loss, if any, from line 16 of your 2014 Schedule D (Form 1040). Enter as a

positive number. If there is no loss on that line (and no section 1202 exclusion), skip lines

16 through 21 and enter on line 22 the amount from line 15 .............................................16.

17. Section 1202 exclusion. Enter as a positive number ........................................................................................17.

18. Subtract line 17 from line 16. If zero or less, enter zero ....................................................18.

19. Enter the loss, if any, from line 21 of your 2014 Schedule D (Form 1040). Enter as a

positive number ......................................................................................................................... 19.

20. If line 18 is more than line 19, enter the difference; otherwise, enter zero ........................20.

21. If line 19 is more than line 18, enter the difference; otherwise, enter zero .......................................................21.

22. Subtract line 20 from line 15. If zero or less, enter zero ...................................................................................22.

23. Domestic production activities deduction from your 2014 Form 2, line 36 .......................................................23.

24. NOL deduction for losses from other years. Enter as a positive number .........................................................24.

25. NOL. Combine lines 1, 9, 17 and 21 through 24. If the result is less than zero, enter here and on Form NOL,

Schedule B, line 1. If the result is zero or more, you do not have an NOL .......................................................25.

Carryback Election

Check here if you elect to forgo the carryback of a 2014 NOL. This election has to be made by the due date (including extension)

for filing your 2014 income tax return.

If you are a farmer, indicate here the carryback period you are claiming.

Example: 5 year carryback.

If you file your Montana tax return electronically, you do not need to mail this form to us unless we ask you for a copy. When you file electronically, you

represent that you have retained the required documents in your tax records and will provide them upon the department’s request.

*14DN0101*