Form 511nr-Nol - Supplement To Form 511nr - Oklahoma Net Operating Loss(Es) - Nonresident/part-Year Residents Only Page 3
ADVERTISEMENT
1
2
3
4Revised 2004
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
FEDERAL
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 NOL from NOL Schedule A, line 26. In
succeeding year, enter amount from line III of
previous year’s NOL Schedule B.
........................................
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- 1999-2004: line 19; 1995-1998: line 18a)
2.
Oklahoma Additions.
(For 2002, from Schedule
511NR-A, Federal Amount Column) Be sure to include
any Federal NOL carryover included in line A1 above.
A2.
........................................
(Enter as positive number)
3.
Oklahoma Subtractions.
(For 2002, from Schedule
511NR-B, Federal Amount Column) Be sure to exclude
(
)
A3.
the NOL for the NOL year entered above or 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 21
(2004), line 18 (1997 - 2003) or line 19 (1995 - 1996)
B1.
................................
(Note: Enter as a positive number.)
2.
Section 1202 exclusion
B2.
(enter as a positive number)
3.
Adjustments to Adjusted Gross Income
B3.
....
from the Federal NOL carryover worksheet.
C.
Modified Oklahoma Adjusted Gross Income.
..............................
C.
(line A4 plus lines B1, B2 and B3.)
D.
Less Allowable Modified Itemized Deductions.
1.
Itemized deductions reported on the
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 Adjusted Gross Income
(For 2002, from
(
)
E.
Schedule 511NR-C) Example: Military Pay Exclusion, Interest Exclusion, etc.
II.
Modified taxable income. (lines C combined
II.
with D3 and E.) If zero or less, enter zero.
.........................
III.
Oklahoma NOL carryover to the Federal Amount Column.
(line I minus line II.) If zero or less, enter zero. Enter on Form 511NR
III.
(For 2003, Sch. 511NR-B, line 7, Fed. Amount Column)
A copy of your Federal return is required for the intervening year entered above.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form 511nr-nol - Supplement To Form 511nr - Oklahoma Net Operating Loss(es) Nonresident/part-year Residents Only - 2016
Financial
Form 511nr-nol Draft - Oklahoma Net Operating Loss(es) Nonresident/part-year Residents Only - 2016
Financial
Form 511nr-nol - Oklahoma Net Operating Loss(es) Nonresident/part-year Residents Only - 2000
Financial
Related Categories
Parent category: Financial