Instructions For Form Ct-3.3 - Prior Net Operating Loss Conversion (Pnolc) Subtraction - New York State Department Of Taxation And Finance - 2015 Page 2
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Page 2 of 5 CT-3.3-I (2015)
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Continue with line 4.
Instruction set 4
Line 10 – Enter the amount from your previous year’s
Use when your combined group is filing a combined return for
the 1st tax year after the base year and your combined group
Form CT-3.3, line 13, if any.
lost members that filed as part of the group in the base year.
Instruction set 2
Lines 1 through 5
Use when your combined group is filing a combined return for
Complete lines 1 through 5 using the information for your
the 1st tax year after the base year and the same group filed a
combined group as it was comprised in the base year. After
combined return in the base year. Continue using set 2 each tax
determining the PNOLC subtraction pool (line 5) of your base
year thereafter for as long as the composition of your combined
year combined group, you must subtract from it the individual
group remains unchanged.
shares of the departing members. The amount to subtract is
Line 1 – Enter the combined unabsorbed NOL at the end of the
determined by multiplying the pool by a fraction. The numerator
base year for the base year combined group.
of the fraction is the departed members’ share of your combined
Line 2 – Enter the combined BAP for the base year for the base
group’s base year unabsorbed NOL, and the denominator of the
fraction is the total unabsorbed NOL of your base year combined
year combined group.
group. Enter on line 5 the subtraction result. There is no need
Line 3 – Enter the base year ENI base tax rate for the base year
to enter anything on lines 1 through 4; however, you must attach
combined group.
a statement showing how line 5 was computed.
boldfaced
Continue with line 4.
You must account for each departing member’s unabsorbed
Line 10 – For as long as the members of your combined group
NOL when completing Schedule E.
remain unchanged, enter the amount from your combined
group’s previous year’s Form CT-3.3, line 13, if any.
Continue with lines 6 through 9.
For each year subsequent to the 1st tax year after the base
Instruction set 3
year that your combined group remains unchanged, skip lines 1
Use when your combined group is filing a combined return for
through 4 and enter on line 5 the PNOLC subtraction pool
the 1st tax year after the base year and additional members
entered on line 5 for the 1st year after the base year. In such
are joining the group that were not members of the group in the
instances, enter on line 10 the amount from line 13, if any, of the
base year.
previous year’s Form CT-3.3 filed by the combined group.
Lines 1 through 5
Instruction sets 5 through 8 apply when you are filing a return
for a tax year subsequent to the 1st tax year after the base
Each member of your group that was not a member of your
group in the base year and that filed a separate return for
year (unless you are able to continue to follow the instruction
the base year must compute lines 1 through 5 using its own
set used for the 1st tax period after the base year because
separate base year information.
your filing situation did not change). Use instruction set 5 if you
are filing a separate return in such year. If you are filing for a
Your combined group must compute lines 1 through 5 using the
combined group, choose between instruction sets 6, 7, and 8, as
information for the base year of your group as it was comprised
applicable to your filing situation.
in the base year.
moved from page 1
Instruction set 5
Each member of your group that was not a member of the
group in the base year and that filed as a member of a different
Use for the first tax year in which you are filing a separate return
combined group in the base year computes lines 1 through 5 as
for a tax year subsequent to the 1st year after the base year
follows:
and you filed as part of a combined group in the base year, the
1st tax year after the base year, and all intervening years before
Line 1 – Enter each new member’s share of its base year
this tax year.
combined group’s unabsorbed NOL.
Line 2 – Enter each new member’s base year combined group’s
Skip lines 1 through 4.
base year BAP.
Line 5 – Enter the product of: multiplying the PNOLC subtraction
Line 3 – Enter each new member’s base year combined group’s
pool of the combined group, which you were previously a
base year ENI base tax rate.
member of, as such group reported such pool on Schedule A,
line 5 of the Form CT-3.3 filed by the group for the tax period
The sum of all line 5 results is then entered on line 5. There
immediately preceding the tax period for which you are
is no need to enter anything on lines 1 through 4; however,
reporting, by a fraction. The numerator of the fraction is your
you must attach a statement showing each line 1 through 5
share of your former combined group’s unabsorbed NOL at
calculation that resulted in the aggregate line 5 amount.
the end of the base year, and the denominator is the combined
You must account for each new member’s unabsorbed NOL
group’s total unabsorbed NOL as reported on Schedule E,
when completing Schedule E.
line 9 of the Form CT-3.3 filed by your former group for the tax
period immediately preceding the tax period for which you are
Continue with lines 6 through 9.
reporting. Attach a statement showing how line 5 was computed.
For each year subsequent to the 1st tax year after the base
Continue with lines 6 through 9.
year that your combined group remains unchanged, skip lines 1
through 4 and enter on line 5 the PNOLC subtraction pool
Line 10 – Enter the product of: multiplying the unused combined
entered on line 5 for the 1st year after the base year. In such
group’s PNOLC subtraction carried forward, if any (line 13
instances, enter on line 10 the amount from line 13, if any, of the
of the Form CT-3.3 filed by the combined group for the tax
previous year’s Form CT-3.3 filed by the combined group.
period immediately preceding the tax period for which you are
reporting) by the same fraction used for completing line 5.
For each year thereafter in which you continue to file a separate
return, skip lines 1 through 4 and enter on line 5 the PNOLC
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