Form Nol - 2009 Montana Net Operating Loss - Mt Department Of Revenue - 2010

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MONTANA
NOL
Clear Form
Rev. 04-10
2009 Montana Net Operating Loss
15-30-2119, MCA and 42.15.318, ARM
For tax year January 1 - December 31, 2009
Fiscal tax year beginning _________, 2009, ending __________, 20___
Name ____________________________________________________ SSN/FEIN ________________
Schedule A
1. Enter the amount from your 2009 Montana Form 2, line 43. (Estates and trusts, enter taxable income increased
by the total of the charitable deduction, income distribution deduction, and exemption amount.) ........................ 1.
2. Enter nonbusiness capital losses before limitation as a positive number. ............................. 2.
3. Enter 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. Enter nonbusiness deductions. See instructions. .................................................................. 6.
7. Enter nonbusiness income other than capital gains. See instructions. ...... 7.
8. Add lines 5 and 7 and enter the result here. .......................................................................... 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. Enter business capital losses before limitation as a positive number. ................................. 11.
12. Enter business capital gains (without regard to any section 1202
exclusion). .............................................................................................. 12.
13. Add lines 10 and 12 and enter the result here. .................................................................... 13.
14. Subtract line 13 from line 11 and enter the result. If zero or less, enter zero. ..................... 14.
15. Add lines 4 and 14 and enter the result here. ...................................................................... 15.
16. Enter the loss, if any, from line 16 of Schedule D (Form 1040). Estates and trusts, enter the
loss, if any, from line 15, column (3), of Schedule D (Form 1041). 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. Enter section 1202 exclusion as a positive number. ........................................................................................... 17.
18. Subtract line 17 from line 16 and enter the result. If zero or less, enter zero. ...................... 18.
19. Enter the loss, if any, from line 21 of Schedule D (Form 1040). Estates and trusts, enter the
loss, if any, from line 16 of Schedule D (Form 1041). 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 and enter the result. If zero or less, enter zero. ..................................................... 22.
23. Domestic production activities deduction from Form 2, line 35 or included on Form FID-3, line 15.................... 23.
24. Enter NOL deduction for losses from other years as a positive number. ........................................................... 24.
25. NOL. Combine lines 1, 9, 17, 21 through 24. If the result is less than zero, enter it here and on Form NOL, top of
page 2, Schedule B. 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 2009 NOL. This election has to be made by the due date (including
extension) for filing your 2009 income tax return.
If you are a farmer, indicate here the carryback period you are claiming.
Example: 5 year carryback.
If you are electing to carry back a loss under IRS Rev. Proc. 2009-52, indicate the carryback period you are electing.
(Available for 2008 or 2009 only – see instructions.)
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