Form 725 Or 765 - Net Operating Loss Schedule - 2005

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NOL
SCHEDULE
NET OPERATING LOSS
Taxable Year Ending
Form 725 or 765
__ __ / __ __
SCHEDULE
Mo.
Yr.
41A725NOL (10-05)
Pass-Through Entities
Department of Revenue
PART I—MANDATORY NEXUS CONSOLIDATION
Includible Corporations
Section A—Current Net Operating Loss Adjustment
A
B
Kentucky
Kentucky Net Losses
Name
Corporation
Kentucky Net Income
(Enter as Positive Amount)
Account Number
1. Common Parent
2. Includible Corporations
3. Totals (add Columns A and B) ................................................................
4. Limitation (line 3, Column A, multiplied by 50%) .................................
5. If line 3, Column B, is greater than line 4, enter the difference here;
on Section B, line 1; and as a positive amount on Form 725, Part I,
line 11; or Form 765, Part I, line 24.
If line 3, Column B, is less than line 4, enter -0- on Section B, line 1,
and on Form 725, Part I, line 11; or Form 765, Part I, line 24 ...............
Section B—NOL Carryforward
1. Current year disallowed carryforward from Part I, Section A, line 5 .....................................................
2. If no entry on line 3, Column A, enter amount from line 3, Column B ..................................................
3. Enter the amount from line 1 or line 2 ......................................................................................................
4. Less Kentucky net loss distributed to individuals ....................................................................................
5. Total NOL carryforward (line 3 less line 4) ...............................................................................................
PART II—SINGLE ENTITY FILERS
Section A—Kentucky NOL Carryforward
1. Carryforward from prior year(s) ................................................................................................................
2. Net operating loss (current year) from Form 725, Part I, line 13; or Form 765 Part I, line 26 ..............
3. Total of lines 1 and 2 ...................................................................................................................................
4. Less Kentucky net loss distributed to individuals ....................................................................................
5. Total Kentucky NOL carryforward (line 3 less line 4) ...............................................................................

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