Schedule Nld - Illinois Net Loss Deduction - 2014
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Illinois Department of Revenue
Illinois Net
Carry year ending
2014 Schedule NLD
Loss Deduction
For Illinois net losses arising in tax years ending on or after December 31, 1986.
Month
Year
Attach to your Form IL-1120, IL-1120-ST, IL-1041, IL-1065, or corresponding amended return.
IL Attachment No. 6
Enter your name as shown on your return.
Enter your federal employer identification number (FEIN).
Step 1: Figure your Illinois net loss deduction (NLD)
Remember:
•
Read the instructions before completing this schedule.
You must attach supporting documentation
to this schedule.
•
“Carry year” is the year to which the loss is being carried.
•
Enter all amounts as positive figures.
A
B
C
Loss year
that expires
Loss year
Loss year
first
ending
ending
Month
Year
Month
Year
Month
Year
1
Enter your reported Illinois
net loss. See instructions.
2a
Enter the carry year and the
amount of Illinois net loss
previously carried back or
a
forward. See instructions. 2
Month Year Loss carried
Month Year Loss carried
Month Year Loss carried
If you are
b
reducing your loss
due to discharge of
Month Year Loss carried
Month Year Loss carried
Month Year Loss carried
indebtedness income,
c
see instructions.
Month Year Loss carried
Month Year Loss carried
Month Year Loss carried
2d
Add Lines 2a through 2c.
This is your total amount
2d
of loss previously carried.
3
Subtract Line 2d from
Line 1. This is your
remaining Illinois net loss.
4
Enter the Illinois base
income for this carry year.
See instructions.
Enter Line 6 from previous column
Enter Line 6 from previous column
5
Enter the lesser of Line 3 or
Line 4. This is your Illinois
net loss deduction (NLD).
Total of Columns A, B,
6
Subtract Line 5 from Line 4.
and C, Line 5.
This is your remaining
See instructions.
income after NLD.
7
Subtract Line 5 from Line 3.
This is your remaining NLD
for subsequent years.
Step 2: Identify the loss year company
Complete this part only if the loss shown on Step 1, Line 1, originated from a company other than the one filing this return. Enter the
FEIN of the company, the reason (e.g., merger) you are allowed to use that company’s losses, and the date you acquired the loss.
A
B
C
8
9
10
FEIN:
FEIN:
FEIN:
___ ___ - ___ ___ ___ ___ ___ ___ ___
___ ___ - ___ ___ ___ ___ ___ ___ ___
___ ___ - ___ ___ ___ ___ ___ ___ ___
Reason: __________________________
Reason: __________________________
Reason: __________________________
_________________________________
_________________________________
_________________________________
_________________________________
_________________________________
_________________________________
Enter the date you
Enter the date you
Enter the date you
acquired this loss:
acquired this loss:
acquired this loss:
Month
Day
Year
Month
Day
Year
Month
Day
Year
*433201110*
Schedule NLD front (R-12/14)
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