Form 46004 - Schedule It-40nol - Individual Income Tax Net Operating Loss Computation

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Schedule
Indiana Department of Revenue
Enclosure Sequence
Individual Income Tax
IT-40NOL
No. 16
State Form 46004
Net Operating Loss Computation
(R11 / 9-13)
Your Name
Your Social Security Number
IMPORTANT: Indiana net operating loss deductions claimed after Dec. 31, 2011 must be carried forward.
Part 1 – Computation of Indiana Net Operating Loss _________________________________________ Loss Year
1.
Enter as a negative amount your federal net operating loss as calculated on the last line of the
federal Form 1045, Schedule A (see instructions). Note: If the amount on the last line of Form 1045,
Schedule A is positive or zero, or if you are a full-year or part-year nonresident, see instructions _____
1
2.
Enter certain add-backs from the loss year IT-40 or IT-40PNR (see instructions) _________________
2
3.
Enter as a positive amount the aggregate of any NOL from this loss year previously carried back
(see instructions) __________________________________________________________________
3
4.
Add lines 1, 2 and 3 ________________________________________________________________
4
5.
Enter certain deductions from the loss year IT-40 or IT-40PNR (see instructions) _________________
5
6.
Subtract line 5 from line 4. This is your Indiana NOL (if the amount is zero or greater, STOP.
You do not have an Indiana NOL). Carry this amount to the IT-40NOL Carryforward Worksheet,
line 6, Column A ________________________________________________________ Indiana NOL
6
Part 2 - Record of Indiana NOL Application
(1)
(2)
(3)
(4)
(5)
Indiana NOL available for
Indiana AGI available to be
deduction (from the Carryfor-
Enter the amount from
Indiana NOL deduction: Enter
Enter the year to which you
offset (from the Carryforward
ward Worksheet, line 6; enter
either line 7 or line 8 of the
the amount from line 9 of the
are carrying the loss.
Worksheet, line 5)
as positive amount)
Carryforward Worksheet.
Carryforward Worksheet
1st Year:
2nd Year:
3rd Year:
4th Year:
5th Year:
6th Year:
7th Year:
8th Year:
9th Year:
10th Year:
11th Year:
Attach additional sheets if necessary.
*24100000000*
24100000000

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