Instructions For Combined Net Operating Loss (Nol) Deduction Form Dp-132-We printable pdf download

Instructions For Combined Net Operating Loss (Nol) Deduction Form Dp-132-We

FORM

STATE OF NEW HAMPSHIRE

DP-132-WE

Department of Revenue Administration

Instructions

COMBINED NET OPERATING LOSS (NOL) DEDUCTION

If there are more than three NH nexus members of the combined group, then attach additional forms DP-132-WE.

Enter in Column A the month, day, and year of each tax year from which the NOL is being carried forward.

Enter in Column B the amount of the NOL which is available for carryforward purposes. Per RSA 77-A:4, XIII, the

carryforward amount is computed by first carrying the loss back three years and then offsetting the loss by any

profits during those 3 years. (However, no NOL deduction is allowed in those carryback years.) If there is more

than one NH nexus member of the combined group, then the carryback loss must be allocated in accordance with

the NH administrative rules, Rev 303.03(e) or Rev. 303.03 (f).

If a loss remains after carryback, offset and allocation (if any), then the remaining loss must be apportioned using the

apportionment percentage of the loss year. The apportionment loss cannot exceed $250,000 for each nexus member

of the combined group.

Enter in Column C the NOL amount that was claimed as a deduction in a prior year(s).

Enter in Column D only those amounts that will be claimed as a deduction this tax year.

Enter in Column E the excess amount(s) available for future deduction.

The RSA’s and administrative rules regarding net operating loss provisions may be obtained by contacting the NH

State Library, Government Information and Reference Bureau, 20 Park Street, New Hampshire 03301, (603)271-2239.

Administrative rules for the Business Enterprise Tax and the Business Profits Tax, along with NOL sample calculations,

are also available through an electronic bulletin board. If you have communications software, call (603) 271-6147. If you

do not have access to the electronic bulletin board, or if you have specific questions concerning net operating loss

provisions for combined filers, please contact the NH Department of Revenue Administration, Audit Division,

45 Chenell Drive, Concord, NH 03302-0457, telephone (603)271-3400. For hearing or speech impaired individuals,

call TDD Access Relay NH 1-800-735-2964.

Instructions For Combined Net Operating Loss (Nol) Deduction Form Dp-132-We