Form Rpd-41369 - New Mexico Net Operating Loss Carryforward Schedule For Personal Income Tax - 2014 Page 3

Download a blank fillable Form Rpd-41369 - New Mexico Net Operating Loss Carryforward Schedule For Personal Income Tax - 2014 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form Rpd-41369 - New Mexico Net Operating Loss Carryforward Schedule For Personal Income Tax - 2014 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

State of New Mexico Taxation and Revenue Department
RPD-41369 2014
2014 New Mexico Net Operating Loss Carryforward Schedule for Personal Income Tax Instructions
Rev. 02/05/2015
Page 2 of 3
Worksheet 1. For Column 2 of the Carryforward Schedule
to compute NM NOL incurred in prior years
Line 1. Federal NOL as defined by Section 172(c) of the Internal Revenue Service for the tax year of the loss.
Line 2. Interest received on U.S. Government obligations less related expenses and reported on the New Mexico
tax return for the tax year. This amount is reported on Schedule PIT-ADJ in the tax year of the loss.
Line 3. Enter the sum of lines 1 and 2. This is the NM NOL loss incurred in the year of the loss that you report in
Column 2 of the Carryforward Schedule.
Worksheet 2. For Columns 3 and 4 of the Carryforward Schedule
to compute net income before the current year NM NOL deduction is applied
Use the information on your 2014 PIT-1 and 2014 PIT-ADJ for the entries below.
1.
Enter the federal adjusted gross income reported on Form 2014 PIT-1, line 9.
2.
+
+
Enter the amount of state and local income tax deduction reported on Form 2014 PIT-1, Line 10.
3.
+
Enter the additions to federal adusted gross income from Form 2014 PIT-1, line 11.
+
4.
-
-
Enter the standard or itemized deduction amount reported on Form 2014 PIT-1, line 12.
5.
-
-
Enter the federal exemption amount reported on Form 2014 PIT-1, line 13.
6.
-
Enter the taxable refunds, credits, or offsets of state and local income taxes, reported on Schedule
-
2014 PIT-ADJ, line 20.
7.
=
Enter the sum of lines 1, 2, and 3, less the sum of lines 4 through 6, but not below zero. This is
=
the net income before applying the NM NOL. Enter in Column 3 of the Carryforward Schedule.
8.
Enter the sum of prior-year NM NOL carryforward available.
+
9.
Enter the lesser of lines 7 and 8. This is the excludable NM NOL carryforward amount. Also enter
=
this amount in line 1 at the bottom of Column 4.

ADVERTISEMENT

00 votes

Related Articles

Top 20 Happy Easter Cards And Gift Tags To Download For Free
Top Ten Easter Arts And Crafts Activities For Your Kids
Free Easter Coloring Pages And Easter Printables For Your Kids

Related forms

Form Rpd-41369 - New Mexico Net Operating Loss Carryforward Schedule For Personal Income Tax - 2013 Form Rpd-41369 - New Mexico Net Operating Loss Carryforward Schedule For Personal Income Tax - 2013 Financial
Form Rpd-41375 - New Mexico Net Operating Loss Carryforward Schedule For Fiduciary Income Tax - 2013 Form Rpd-41375 - New Mexico Net Operating Loss Carryforward Schedule For Fiduciary Income Tax - 2013 Financial
Form Rpd-41369 - New Mexico Net Operating Loss Carryforward Schedule - 2012 Form Rpd-41369 - New Mexico Net Operating Loss Carryforward Schedule - 2012 Financial
Instructions For New Mexico Net Operating Loss Carryforward Schedule For Corporate Income Tax Instructions For New Mexico Net Operating Loss Carryforward Schedule For Corporate Income Tax Financial
Form Rpd-41369 - Net Operating Loss Carryforward Schedule Form Rpd-41369 - Net Operating Loss Carryforward Schedule Financial
Schedule Nol (form Cnf-120) - West Virginia Net Operating Loss Carryforward Calculation - 2013 Schedule Nol (form Cnf-120) - West Virginia Net Operating Loss Carryforward Calculation - 2013 Financial
Schedule Nol (form Cnf-120) - West Virginia Net Operating Loss Carryforward Calculation - 2011 Schedule Nol (form Cnf-120) - West Virginia Net Operating Loss Carryforward Calculation - 2011 Financial
Schedule F - Net Operating Loss (nol), Schedule G - Alternative Minimum Tax Loss (amt Nol) Schedule F - Net Operating Loss (nol), Schedule G - Alternative Minimum Tax Loss (amt Nol) Financial
Form Nyc-nold-ubtp - Net Operating Loss Deduction Computation For Unincorporated Business Tax For Partnerships (including Limited Liability Companies) - 2017 Form Nyc-nold-ubtp - Net Operating Loss Deduction Computation For Unincorporated Business Tax For Partnerships (including Limited Liability Companies) - 2017 Financial
Form Ct-222.1 - Election To Use Different Annualization Periods For Corporate Estimated Tax - 2014 Form Ct-222.1 - Election To Use Different Annualization Periods For Corporate Estimated Tax - 2014 Financial

Related Categories

Parent category: Financial
Download
Go
Page of 4