Instructions For Form Ct-990t - Connecticut Department Of Revenue Services (Page 4 of 4) in pdf

SCHEDULE C - COMPUTATION OF NET OPERATING LOSS

Enter in Column B the total wages, salaries, and other personal service

compensation, similarly computed, during the period covered by the

CARRYFORWARD

taxpayer’s return, of employees, except general executive officers, of the

Complete

Schedule C

only if the organization has incurred a loss (as

taxpayer’s unrelated trade or business within and outside Connecticut.

reported on

Form CT-990T,

Computation of Tax,

Line 3). This schedule

computes the amount of net operating loss which the organization may

IMPORTANT:

If it appears to the Commissioner that the apportionment

deduct on Connecticut returns filed for succeeding income years. The

fraction does not properly reflect the activity, business or income of the

amount of the loss incurred in the current year must be reduced by the

taxpayer’s unrelated trade or business within the state, the Commissioner

amount of the specific deduction that was entered on the organization’s

is authorized under Conn. Gen. Stat. §12-242bb(c) to employ an

1999 federal Form 990-T, Part II, Line 33.

alternative method to allocate a fair and proper amount of the unrelated

trade or business taxable income to the state.

Line 1 -

Enter the net operating loss (enter as a negative number) realized

for the 1999 income year as computed on

Form CT-990T,

Computation

SCHEDULE B - CONNECTICUT APPORTIONED OPERATING

of Income,

Line 6.

LOSS CARRYOVER

Line 1 -

Enter the amount of the Connecticut apportioned operating loss

Line 2 -

Add back the amount of the specific deduction (enter as a positive

carryover from the 1994

Form CT-990T,

Schedule C,

Line 5.

number) from the 1999 federal Form 990T, Part II, Line 33.

Line 2 -

Enter the amount of the Connecticut apportioned operating loss

Line 3 -

Add Line 1 and Line 2 and enter the result on Line 3.

carryover from the 1995

Form CT-990T,

Schedule C,

Line 5.

Line 4 -

Enter the apportionment fraction as determined on

Line 3 -

Enter the amount of the Connecticut apportioned operating loss

Form CT-990T,

Schedule A,

Line 5.

carryover from the 1996

Form CT-990T,

Schedule C,

Line 5.

Line 5 -

Multiply Line 3 by Line 4 and enter the result. This is the

Line 4 -

Enter the amount of the Connecticut apportioned operating loss

amount of Connecticut net operating loss from 1999 which is available

carryover from the 1997

Form CT-990T,

Schedule C,

Line 5.

for carryforward and may be deducted on returns filed for the next five

income years.

Line 5 -

Enter the amount of the Connecticut apportioned operating loss

carryover from the 1998

Form CT-990T,

Schedule C,

Line 5.

Line 6 -

Total Connecticut apportioned operating loss carryover. Add

Lines 1 through 5. Enter here and on front page of

Form CT-990T,

Computation of Tax,

Line 4.

CT-990T Instructions (Rev. 12/99)

Page 4 of 4

STF CT31787I.4

Instructions For Form Ct-990t - Connecticut Department Of Revenue Services Page 4

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