Schedule Nld - Illinois Net Loss Deduction - 2013
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Illinois Department of Revenue
Illinois Net
Carry year ending
2013 Schedule NLD
Loss Deduction
For Illinois net losses arising in tax years ending on or after December 31, 1986.
Month
Year
Attach to your Form IL-1120, IL-1120-ST, IL-1041, IL-1065, or any amended return.
IL Attachment No. 6
Write your name as shown on your return.
Write your federal employer identification number (FEIN).
Step 1: Figure your Illinois net loss deduction (NLD)
Corporations, other than S corporations, are allowed to use Illinois NLD, up to a maximum of $100,000, to offset income for tax years
ending on or after December 31, 2012, and before December 31, 2014. See “When Must I Use This Schedule?” for more information.
•
Read the instructions before completing this schedule.
Remember:
•
“Carry year” is the year to which the loss is being carried.
You must attach supporting documentation
•
Write all amounts as positive figures.
to this schedule.
A
B
C
Loss year
that expires
Loss year
Loss year
first
ending
ending
Month
Year
Month
Year
Month
Year
1
Write your reported Illinois
net loss. See instructions.
2a
Write the carry year and the
amount of Illinois net loss
previously carried back or
a
forward. See instructions. 2
Month Year Loss carried
Month Year Loss carried
Month Year Loss carried
If you are
b
reducing your loss
due to discharge of
Month Year Loss carried
Month Year Loss carried
Month Year Loss carried
indebtedness income,
c
see instructions.
Month Year Loss carried
Month Year Loss carried
Month Year Loss carried
2d
Add Lines 2a through 2c.
This is your total amount
2d
of loss previously carried.
3
Subtract Line 2d from
Line 1. This is your
remaining Illinois net loss.
4
Write the Illinois base
income for this carry year.
See instructions.
Write Line 8 from previous column
Write Line 8 from previous column
5
Column A:
IL-1120 filers - For the
loss year that expires first
write $100,000. See instr.
All other filers - For the
loss year that expires first
write the amount from
Column A, Line 4. See instr.
Columns B and C: See
instructions.
Write Line 9 from previous column
Write Line 9 from previous column
6
Write the lesser of Line 4
or Line 5. This is your
maximum NLD allowed.
7
Write the lesser of Line 3
or Line 6. This is your NLD.
Total of Columns A, B,
8
Subtract Line 7 from Line 4.
and C, Line 7.
This is your remaining
See instructions.
income after NLD.
IL-1120 filers this
amount cannot
9
Subtract Line 7 from Line 6.
exceed $100,000.
This is your remaining NLD
allowed this carry year.
10
Subtract Line 7 from Line 3.
This is your remaining NLD
for subsequent years.
*333201110*
Schedule NLD front (R-12/13)
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