Form Crf - Net Operating Loss Carry Forward Form Page 4
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4be either a positive or negative amount, while lines 8
to be carried to Schedule I of Form CRF to calculate the
through 13 are usually positive amounts.
loss. However, if only one spouse sustained the loss, while
the other spouse had income, use the information in
Line 16: This is the unused portion of the net operating
Column L to calculate the loss on Schedule I.
loss. Column B – If the loss exceeds modified taxable
When Schedule III is used for the year to which a loss
income, show the difference on line 16b. Column C
is carried, the information shown in Column M will be used
– If the loss exceeds modified taxable income, show
to complete Schedule II of Form CRF to determine the
the difference on line 16c. Column D – If the loss
income absorbed and the amount of remaining loss. The
exceeds modified taxable income, show the
Kansas loss to be claimed on Schedule S, Part A, Line
difference on line 16d.
A12, cannot exceed the net income for the spouse who
Continue these line instructions for each column until
sustained the loss since the loss of one spouse cannot
the net operating loss is completely used or until it is
be applied to the income of the other spouse.
carried forward 10 taxable years, whichever occurs first.
To avoid a delay in processing or denial of the loss,
enclose the following with your Kansas Individual Income
SCHEDULE III – KANSAS ALLOCATION SCHEDULE
Tax Return, Form K-40.
This schedule is used when there is a change in marital
• The completed CRF form. (You must submit a
status between the year of the loss and any of the years
separate CRF for each loss year the net
to which the loss is to be carried. The net operating loss
operating loss carry forward is applied.)
of one spouse cannot be applied to the income of the
• A copy of Federal Form 1045, Application for
other spouse; therefore, it is necessary to determine what
Tentative Refund.
portion of the jointly filed return applies to the spouse
who sustained the loss.
• A copy of Federal Schedule A, Itemized
Deductions and Interest and Dividend Income.
Column L – Joint Income
Lines 17 through 37: Enter the information requested
TAXPAYER ASSISTANCE
which is obtained from the joint federal and Kansas
income tax returns.
For assistance in completing Form CRF, contact
taxpayer assistance:
Column M – Taxpayer SSN and Income
Lines 17 through 37: Enter the Social Security Number
Kansas Department of Revenue
and the income, adjustments and deductions for the
Docking State Office Building, 1
st
Floor
taxpayer who is claiming the loss carry forward.
915 SW Harrison St.
Topeka, KS 66625-2007
Column N – Spouse SSN and Income
Lines 17 through 37: Enter the Social Security Number
Phone: (785) 368-8222
and the income, adjustments and deductions for the
Fax: (785) 291-3614
spouse.
If Schedule III is used for the loss year and both spouses
Additional copies of this credit schedule and other tax
sustained a loss, the information in Column M will need
forms are available from our web site at:
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