Schedule Ub/nld - Unitary Illinois Net Loss Deduction - Department Of Revenue - 2013
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1*333601110*
Illinois Department of Revenue
Carry year ending
2013 Schedule UB/NLD
Unitary Illinois Net Loss Deduction
Month
Year
Attach to your Form IL-1120, or Form IL-1120-X. For Illinois net losses arising in tax years ending on or after December 31, 1986.
IL Attachment No. 6
Write your name as shown on your tax return.
Write your federal employer identification number (FEIN).
_______________________________________________________________________
____ ____ - ____ ____ ____ ____ ____ ____ ____
This schedule is for use only in tax years ending on or after December 31, 2013, and before December 31, 2014. For other years, use the schedule for that year.
“Carry year” is the year to which the loss is being carried.
Step 1: Identify your members
A
B
C
D
E
Combined Totals
1
Write the name of each unitary member that is carrying a loss.
________________ ________________ ________________ ________________
2
Write the FEIN of each unitary member.
________________ ________________ ________________ ________________
Step 2: Figure your loss year amounts
3
3
Write the year of your loss that expires first.
___________
___________
4
4
Write the combined net income before this Illinois NLD.
____________ 00
5
5
Write each member’s loss for the year.
____________ 00
____________ 00
____________ 00
____________ 00
____________ 00
6
6
Write the lesser of Col E. Line 4, or Col. E, Line 5.
____________ 00
7
If this is the earliest loss year write $100,000. Otherwise, see
instructions.
7
____________ 00
8
Write the lesser of Col. E, Line 6, or Col. E, Line 7.
8
____________ 00
9
Subtract Col. E, Line 8 from Col. E, Line 7. If this amount is zero, you
9
have reached the NLD limitation for this carry year, see instructions.
____________ 00
10
10
Net income after this Illinois NLD. Subtract Col. E, Line 8 from Line 4.
____________ 00
11
11
Subtract Col. E, Line 8 from Col. E, Line 5. See instructions.
____________ 00
.
.
.
.
.
12
12
Write the percentage of total loss. See instructions.
____
_________
____
_________
____
_________
____
_________
___
__________
13
13
Unused loss. See instructions.
____________ 00
____________ 00
____________ 00
____________ 00
____________ 00
14
14
Write the year of loss that expires next.
___________
___________
15
15
Write the amount from Line 10.
____________ 00
16
16
Write the loss amount for the year on Line 14.
____________ 00
____________ 00
____________ 00
____________ 00
____________ 00
17
17
Write the lesser of Col E. Line 15, or Col. E, Line 16.
____________ 00
18
18
Write the amount from Col. E, Line 9.
____________ 00
19
19
Write the lesser of Col. E, Line 17, or Col. E, Line 18.
____________ 00
20
Subtract Col. E, Line 19 from Col. E, Line 18. If this amount is zero, you
20
have reached the NLD limitation for this carry year, see instructions.
____________ 00
21
21
Net income after this Illinois NLD. Subtract Col. E, Line 19 from Line 15.
____________ 00
22
22
Subtract Col. E, Line 19 from Col. E, Line 16. See instructions.
____________ 00
.
.
.
.
.
23
23
Write the percentage of total loss. See instructions.
____
_________
____
_________
____
_________
____
_________
___
__________
24
24
Unused loss. See instructions.
____________ 00
____________ 00
____________ 00
____________ 00
____________ 00
Step 3: Figure your total deduction and taxable income.
(Please read the specific instructions before completing.)
25
25
Write the combined net income from Step 2, Column E, Line 4.
____________ 00
26
26
Write the Illinois net loss deduction claimed from Step 2, Column E, Lines 8 and 19. This amount may not exceed $100,000. See instructions.
____________ 00
27
27
Subtract Line 26 from Line 25. This is your taxable income after NLD.
____________ 00
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this
information is REQUIRED. Failure to provide information could result in a penalty.
Schedule UB/NLD (R-12/13)
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