Form 511nr-Nol - Oklahoma Net Operating Loss(Es) Nonresident/part-Year Residents Only - 2000 Page 2
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3Supplement to Form 511NR
511nr-nol
Oklahoma Net Operating Loss(es)
Revised 2000
Nonresident/Part-Year Residents Only
NOL Schedule B
Intervening Year ______
NOL Year _____________
Computation of Net Operating Loss Carryover/Back
“Federal Amount Column”
The “Federal Amount Column” NOL absorbed in each intervening year on form 511NR will be the amount of the modified taxable
income. The modified taxable income will be calculated using this worksheet. A separate NOL Schedule B must be used for each year.
I.
Net Operating Loss Deduction. Enter here
as a positive number the net operating loss from
NOL Schedule A, line 25. In succeeding years enter
amounts from line III below.
.................................................
I.
To compute modified taxable income:
A.
To compute Oklahoma Adjusted Gross Income
For the Intervening Year
1.
Federal Adjusted Gross Income
A1.
(Form 511NR-1998 and prior: line 18a, 1999-2000: line 19)
2.
Oklahoma Additions. (Including any Federal
NOL carryover included in line A1 above.)
A2.
(Enter as positive number)
..................................
3.
Oklahoma Subtractions. (Not including the
NOL for the NOL year entered above or
(
)
A3.
later years)
..............................................................
4.
Adjusted Gross Income before the NOL
deduction for the NOL year entered above.
(Combine lines A1 through A3)
..........................
A4.
B .
Modifications: (For intervening year)
1.
Net capital loss deduction from Sch. D line 19
B1.
(Note: Enter as a positive number.)
...................
2.
Adjustments to Adjusted Gross Income
from the Federal NOL carryover worksheet.
....
B2.
C.
Modified Oklahoma Adjusted Gross Income.
(line A4 plus lines B1 and B2.)
.....................................
C.
D.
Less Allowable Modified Itemized Deductions.
1.
Itemized deductions reported on the original
return less the adjustments to itemized
deductions from the Federal NOL carryover
D1.
worksheet.
..............................................................
OR
2.
Oklahoma standard deduction computed on
D2.
line C above, if line D1 is not applicable.
..........
(
)
D3.
3.
Allowable deductions. (line D1 or D2)
..............
E .
Adjustments to Oklahoma Adjusted Gross Income.
(Example: Military pay exclusion, Interest exclusion, etc.)
(
)
E.
II.
Modified taxable income. (lines C combined
II.
with D3 and E.) If zero or less, enter zero.
.........................
III.
Okla. Net Operating Loss carryover to the Federal
Amount Column. (line I minus line II.) If zero or less, enter zero.
III.
A copy of your Federal return is required.
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