Form 511nr-Nol - Schedule A - Oklahoma Net Operating Loss(Es)

Form 511nr-Nol - Schedule A - Oklahoma Net Operating Loss(Es) - 2002 Page 3

Revised 2002

Supplement to Form 511NR

511nr-nol

Oklahoma Net Operating Loss(es)

Intervening Year _______

Nonresident/Part-Year Residents Only

NOL Year _______________

511NR-NOL

Taxpayer Social Security Number

Taxpayer’s first name and initial

Last name

Schedule B

Computation of Net Operating Loss Carryover/Back

“Oklahoma Amount Column”

The “Oklahoma Amount Column” NOL absorbed in each intervening year will be the amount of the modified Adjusted Gross

Income - Oklahoma Source. The modified Adjusted Gross Income - Oklahoma Source will be calculated using this worksheet. A

separate NOL Schedule B must be used for each year.

If the “Oklahoma Amount Column” NOL is carried into a year when the taxpayer is a full year resident, the NOL Schedule B for

Form 511 will be used.

Net Operating Loss Deduction. Enter here as a positive

number the net operating loss from NOL Schedule A, line

27. In succeeding year, enter amount from line III of

previous year’s NOL Schedule B.

........................................

To compute modified taxable income:

To compute Oklahoma Adjusted Gross Income

for the Intervening Year

Oklahoma Source Income form (511NR, line 18).

A1.

Oklahoma Additions. (Including any Federal

NOL carryover included in line A1 above.

(Enter as positive number)

..................................

A2.

Oklahoma Subtractions. (Not including the

NOL for the NOL year entered above or later years)

(

)

A3.

Adjusted Gross Income before the NOL

deduction for the NOL year entered above.

(Combine lines A1 through A3)

..........................

A4.

Modifications: (For intervening year)

Oklahoma capital losses in excess of Oklahoma

capital gains (included in the net capital loss

limitation from Federal Sch. D).

..........................

B1.

(Note: Enter as a positive number.)

B2.

Section 1202 exclusion

(enter as a postive number)

Adjustments to Adjusted Gross Income

B3.

from the Federal NOL carryover worksheet.

.....

II.

Modified Oklahoma Adjusted Gross Income. (line A4

II.

plus lines B1, B2and B3.) If zero or less, enter zero.

........

III.

Oklahoma Net Operating Loss carryover to the Okla-

homa Amount Column. Form 511NR or to Form 511

(line I minus line II.) If zero or less, enter zero.

..................

III.

A copy of your Federal return is required.

Form 511nr-Nol - Schedule A - Oklahoma Net Operating Loss(Es) - 2002 Page 3

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