Form 500 - Net Operating Loss Deduction - New Jersey Corporation Business Tax - 2014 Page 5
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5FORM 500
(07-14)
INSTRUCTIONS
Line 1 -
Beginning with return periods ending on or after July 31, 1995, enter the return periods that
have a loss reported on Schedule A, line 34 of the CBT-100 or the BFC-1, or on Schedule A,
line 37 or 38 (whichever applies) of the CBT-100S. If space is insufficient to report all return
periods, an additional page is included in this packet. The additional page may be reproduced
as needed.
Line 2 -
Enter the amount of the loss reported on Schedule A, line 34 of the CBT-100 or the BFC-1, or
on Schedule A, line 37 or 38 (whichever applies) of the CBT-100S for each return period listed
on line 1.
Line 3 -
Enter that portion of the loss reported on line 2 that was deducted in a previous year.
Line 4 -
Enter the amount of the NOL that has previously expired.
Line 5 -
Subtract the amounts reported on lines 3 and 4 from the amount on line 2. This is the total
amount of NOL available for deduction in the current year.
Line 6 -
Enter the total of all amounts reported on line 5 from all pages completed.
Line 7 -
Enter the amount from Schedule A, line 34 of form CBT-100 or form BFC-1, or line 38 of form
CBT-100S.
Line 8 -
Enter the lesser of line 6 or line 7 and report this amount on the appropriate line of the
CBT-100, CBT-100S or BFC-1 form.
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