Form Nol - 2009 Montana Net Operating Loss - Mt Department Of Revenue - 2010 Page 2
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4Form NOL Montana Net Operating Loss for Year 2009
Page 2
SSN/FEIN _______________________
NOL Carryover - Schedule B
This application is filed to carry
Enter net operating loss (Schedule A, Line
This is for the calendar year _________,
back:
25) $ ____________
or other tax year beginning_______,2009,
ending _______,20____
Complete one column before going to the next
_____ preceding tax year
_____ preceding tax year
_____ preceding tax year
column. You start with the earliest carryback year.
ending _______
ending _______
ending _______
1. Enter NOL deduction as a positive number
(see instructions).
2. Enter Montana taxable income before 2009
NOL carryback (see instructions). Estates and
trusts, increase this amount by the sum of the
charitable deduction and income distribution
deduction.
3. Enter net capital loss deduction (see
instructions).
4. Enter section 1202 exclusion as a positive
number.
5. Domestic production activities deduction.
6. Enter adjustment to Montana adjusted gross
income (see instructions).
7. Enter adjustment to Montana itemized
deductions (see instructions).
8. Individuals, enter deduction for exemptions.
Estates and trusts, enter exemption amount.
9. Modified taxable income. Add lines 2 through
8. If the result is zero or less, enter zero.
10. Subtract line 9 from line 1 and enter result. If
the result is zero or less, enter zero. This is
your NOL carryover (see instructions).
Adjustments to Itemized Deductions
(Individuals Only)
Complete lines 11 through 38 for the carryback
year(s) for which you itemized deductions.
11. Enter Montana adjusted gross income before
2009 NOL carryback.
12. Add lines 3 through 6 above and enter result.
13. Modified adjusted gross income. Add lines 11
and 12 and enter result.
14. Enter medical expenses from Form 2,
Schedule III after 7.5% adjustment (or as
previously adjusted). Do not include medical or
long-term care insurance premium payments.
15. Enter medical expenses from Form 2,
Schedule III before 7.5% adjustment (or as
previously adjusted). Do not include medical or
long-term care insurance premium payments.
16. Multiply line 13 by 7.5% (0.075) and enter
result.
17. Subtract line 16 from line 15 and enter result.
If the result is zero or less, enter zero.
18. Subtract line 17 from line 14 and enter result.
19. Qualified mortgage insurance premiums
from Form 2, Schedule III (or as previously
adjusted)
20. Refigured qualified mortgage insurance
premiums (see instructions)
21. Subtract line 20 from line 19
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