Schedule Nol (Form 41a720nol) - Net Operating Loss Schedule printable pdf download

SCHEDULE NOL

Taxable Year Ending

*1300010217*

__ __ / __ __

41A720NOL (10-13)

Mo.

Yr.

Commonwealth of Kentucky

DEPARTMENT OF REVENUE

PERATING

OSS

CHEDULE

➤ See instructions.

➤ Attach to Form 720.

KRS 141.011, KRS 141.200(11); Regulation 103 KAR 16:250

Name of Corporation

Federal Identification Number

Kentucky Corporation/LLET

Account Number

__ __ __ __ __ __

__ __ – __ __ __ __ __ __ __

PART I—MANDATORY NEXUS CONSOLIDATED RETURN

Includible Corporations

Section A—Current Net Operating Loss Adjustment

Kentucky

Prior Year’s

Kentucky Net Losses

Total Losses

Name

Kentucky Net Income

Corporation/LLET

NOL

(Enter as a Positive)

Account Number

Carryforward

1. Parent

2. Subsidiaries

3. Totals (add Columns A and B) .......................................

4. Limitation–Income (line 3, Column A multiplied by 50%) .

5. Prior year NOL carryforward ...........................................................................................................................

6. Total (add line 5, Column C and line 3, Column B) .......................................................................................

Complete line 7 only if line 3, Column B is greater than line 4, Column A.

7. Disallowed loss, line 3, Column B less line 4,

Column A. Enter here and on Form 720,

Part III, line 19 (see instructions) .................................

Complete line 8 only if line 4, Column A is greater than line 3, Column B.

8. Additional NOLD. Enter as a negative amount on

Form 720, Part III, line 19 (see instructions) ................

Section B—Current Year Loss Disallowed and NOL Carryforward

1. Current year loss disallowed from Part I, Section A, line 7 ................................................................

2. Prior year NOL carryforward from Part I, Section A, line 5 ................................................................

3. Prior year NOL carryforward used this year from Part I, Section A, line 8 .......................................

4. Total NOL carryforward to 2014 (line 1 plus line 2 less line 3) ...........................................................

PART II—SEPARATE ENTITY RETURN

NOL Carryforward

1. Enter carryforward from prior year ......................................................................................................

2. Enter current year NOL from Form 720, Part III, line 21 as a positive amount .................................

3. Enter the NOLD from Form 720, Part III, line 22 ..................................................................................

4. Enter total NOL carryforward to 2014 (line 1 plus line 2 less line 3) ..................................................

Schedule Nol (Form 41a720nol) - Net Operating Loss Schedule

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