Form Crf - Net Operating Loss Carry Forward Form Page 3
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4INSTRUCTIONS FOR FORM CRF
GENERAL INFORMATION
Line 9: Enter the same capital loss that was computed
on your federal net operating loss claim as a positive
To qualify for a Kansas net operating loss carry
figure.
forward, a taxpayer must have all of the following: 1) a
Line 10: Enter the portion of the federal long term capital
federal net operating loss; 2) a Kansas Individual Income
gains excluded from income.
Tax Return, Form K-40, and supporting schedules on file
for the loss year; and, 3) income or loss from Kansas
Line 11: Enter the personal exemption claimed on the
sources or was a Kansas resident during the loss year.
Kansas return.
Kansas statutes require net operating losses
Line 12: Enclose a schedule showing the computation
which are incurred after December 31, 1987, be
of the nonbusiness deductions in excess of
carried forward until fully used or until ten (10)
nonbusiness income for Kansas and enter the result
years has elapsed, whichever occurs first. A Kansas
on line 12. The method of computing the
net operating loss which is incurred after December 31,
nonbusiness deductions in excess of nonbusiness
1987 is not carried back prior to carrying the loss forward.
income is the same as that used for federal purposes.
For loss years prior to 1988, the loss carryover is limited
However, the total amount may differ because income
to seven (7) years.
(from Schedule S, Part A) and Kansas itemized
NONRESIDENTS: A nonresident must determine his net
deductions must be taken into consideration for the
operating loss as though he were a Kansas resident.
Kansas computation.
The loss is determined from information on Form K-40
Line 13: Do not make an entry on lines 13a, 13b and
and is applied to income in the same manner as a resident
13c in the loss year column.
of Kansas would claim the loss carry forward. The
Line 14: Reduce the loss shown on line 7 by the total of
information shown on the Kansas nonresident allocation
lines 8 through 12. If the result is a negative figure,
percentage schedule is not used to determine a Kansas
this will be your Kansas net operating loss. Carry the
net operating loss. Kansas source loss is not applied to
net operating loss from line 14 to the next succeeding
Kansas source income when determining a Kansas
tax year, Schedule S, Part A.
nonresident net operating loss.
If there was a change in marital status (divorce,
SCHEDULE II – KANSAS DISTRIBUTION SCHEDULE
marriage, or death of one of the spouses) between the
Schedule II is used to determine the amount of loss
year of the loss and any of the years to which the loss is
that is absorbed and the remainder of the loss to be
carried, see the instructions for Schedule III.
carried to the next succeeding year. The computations
There are three basic steps involved in a net operating
for Schedule II are essentially the same as those for
loss carry forward:
Schedule I with a few exceptions.
STEP 1: Complete Schedule I to compute the amount
COLUMNS (B) through (K) – Carry Forward Years
of the loss.
Lines 1 through 11: Enter the requested information
STEP 2: Carry the loss to the next succeeding tax year
from Form K-40, for the applicable year. For line 8,
(Schedule S, Part A)
the Kansas net operating loss included in line 3 will
STEP 3: Complete Schedule II to determine if there is
need to be added.
any remaining loss to be carried to the next carried to
Line 12: The excess nonbusiness deductions are not
the next succeeding year.
added back. Line 12 is left blank for all years except
STEP 4: Complete a separate CRF for each loss year.
the loss year.
LINE BY LINE INSTRUCTIONS
Line 13a: If the allowable portion of the charitable
contributions shown on the federal itemized
SCHEDULE I – KANSAS COMPUTATION SCHEDULE
deductions have increased, show the same
adjustment as shown on the federal net operating
COLUMN (A) – Loss Year
loss claim on line 13a.
Lines 1 through 6: The information to be entered on
Line 13b: Enter the loss year that is being utilized (in
these lines is taken from the front of the completed
case of multiple loss years), then enter amounts from
Kansas Income Tax Return, Form K-40.
that loss year.
Line 7: Enter the Kansas taxable income from the loss
Line 13c: If you are utilizing more than one loss year,
year. This amount will be a negative figure.
enter the year(s) and amounts from the additional
Line 8: If you have any prior year net operating loss
loss year(s).
included in the adjusted gross income, enter this
Line 14: Enter an amount for the loss year only.
amount on line 8. Because you are reducing the
Line 15: Add amounts on lines 7 through 13 to determine
allowable loss shown on line 7 by the amounts shown
the modified taxable income and enter the result on
on succeeding lines, the amount entered will be a
line 15 (cannot be less than zero). NOTE: Line 7 may
positive figure.
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