Form Fae 174 - Franchise And Excise Financial Institution Tax Return Page 8
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8TENNESSEE DEPARTMENT OF REVENUE
LOSS CARRYOVER SCHEDULE
SCHEDULE U
(FORM FAE 174)
TAXABLE YEAR
ACCOUNT NO./FEIN/SSN
TAXPAYER NAME
NOTE: SCHEDULE U IS NOT REQUIRED TO BE FILED WITH THE RETURN. This schedule may be used as a
worksheet to compute the amount of net operating loss carryover.
IMPORTANT INFORMATION APPLICABLE TO LOSS CARRYOVER
1. Any net operating loss incurred for fiscal years ended on or after 3-15-82 and prior to 1-15-84 may
be carried forward seven (7) years as a net operating loss carryover.
2. Any net operating loss incurred for fiscal years ending on or after 1-15-84 may be carried for-
ward fifteen (15) years as a net operating loss carryover.
3. COMBINED RETURN - UNITARY GROUP OF FINANCIAL INSTITUTIONS:
Any net operating loss incurred by a member of the unitary group which has been apportioned to
Tennessee in a tax year ending prior to July 15, 1990, may be carried forward seven (7) years as
a net operating loss carryover by the unitary group. A net operating loss incurred by a unitary group
of financial institutions computed on a combined basis may be carried forward fifteen (15) years by
the unitary group.
Reference: Section 67-4-2006(c), Tennessee Code Annotated.
SCHEDULE U - SCHEDULE OF LOSS CARRYOVER
Period
For Original
Year
Ended
Return or
Used In
Loss Carryover
(mm/YY)
As Amended
Prior Year(s)
Expired
Available
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Total Amount (Transfer to Schedule J, Line 34) .......................................................................
INTERNET (11-06)
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