Form Rpd-41369 - New Mexico Net Operating Loss Carryforward Schedule For Personal Income Tax - 2014

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State of New Mexico Taxation and Revenue Department
RPD-41369 2014
Rev. 02/05/2015
2014 New Mexico Net Operating Loss Carryforward Schedule for Personal Income Tax
Taxpayer’s name
SSN
Purpose of This Form
Use this form to calculate your excludable New Mexico net operating loss (NM NOL) carryforward deduction from the current year
New Mexico personal income tax. For each prior-year NM NOL carryforward, also show how you applied the credit in Columns 4, 5, and
6. In Column 7, show the balance of NM NOL carryforward available for the next tax year. If you are reporting a NM NOL deduction from a
carryforward on Schedule PIT-ADJ, line 7, file this RPD-41369 schedule with New Mexico 2014 Form PIT-1, Personal Income Tax Return.
Col. 1
Col. 2
Col. 3
Col. 4
Col. 5
Col. 6
Col. 7
Tax Year
Net Operating
2014 NM
2014
Year Loss Applied
NM NOL
NM NOL
If you applied the NM NOL reported in Column 2 in previous years, enter the
Loss Incurred
Net Income Before
Loss Used
Expired
Carryforward
in the year in
NM NOL
amount in the column corresponding to the year when you applied it.
Available for
The sum of Column 4
Column 1
from
cannot be greater
Next Year
Worksheet 2, line 7
than Column 3 for
2013
2012
2011
2010
2009
tax year 2014.
2014
Line 1 must equal Worksheet 2, line 9.
Line 1. Loss used during 2014 tax year.
Enter the sum of Column 4.
Also enter this amount on Schedule PIT-ADJ, line 7.
Complete the Carryforward Schedule above using the instructions and Worksheets 1 and 2 on the next three pages. Do not submit
Worksheets 1 and 2 to the Department. Use Worksheet 1 to calculate the NM NOL incurred in prior years. Use Worksheet 2 to calculate
the 2014 NM net income before the current year NM NOL deduction is applied.
Line 1 of the schedule above (the sum of Column 4) is the sum of the NM NOL carryforward loss used in the 2014 tax year. On the 2014
Schedule PIT-ADJ, line 7, enter the amount from line 1. For each row showing a prior-year NM NOL incurred, complete the row showing
when you incurred the NM NOL, how you applied it, and the NM NOL carryforward balance available for next year.

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