Form Nyc-Nold-Ubtp - Net Operating Loss Deduction Computation For Unincorporated Business Tax For Partnerships (Including Limited Liability Companies) - 2017

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-NOLD-UBTP
NET OPERATING LOSS DEDUCTION COMPUTATION
2017
TM
FOR UNINCORPORATED BUSINESS TAX FOR PARTNERSHIPS (INCLUDING LIMITED LIABILITY COMPANIES)
Department of Finance
Attach to Form NYC-204
For CALENDAR YEAR 2017 or FISCAL YEAR beginning ____________________ 2017 and ending ____________________________
Print or Type
t
Name as shown on NYC-204:
EMPLOYER IDENTIFICATION NUMBER
YEAR 1
YEAR 2
YEAR 3
YEAR 4
YEAR 5
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MM
DD
YYYY
MM
DD
YYYY
MM
DD
YYYY
MM
DD
YYYY
MM
DD
YYYY
1a. Loss year ended
1b. Allocated NYC net operating loss incurred
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:
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MM
DD
YYYY
AMOUNT
MM
DD
YYYY
AMOUNT
MM
DD
YYYY
AMOUNT
MM
DD
YYYY
AMOUNT
MM
DD
YYYY
AMOUNT
2. Amount of Line 1b previously absorbed by year ended
3. Add line 2 plus any additional year(s)
(Attach schedules)
4. Subtract Line 3 from Line 1b
5. Enter the amount from Page 1, Schedule A, Line 10
(See instructions)
6. Enter the lesser of Line 4 or Line 5
7. Compute and enter the total percentage interests
in income and deductions for the loss year partners
%
%
%
%
%
who were also partners during the current year.
8. Is this percentage equal to or greater than 80%?
If “NO,” the loss deduction is absorbed and cannot
n
n
n
n
n
n
n
n
n
n
be applied to the current year.
YES
NO
YES
NO
YES
NO
YES
NO
YES
NO
9. Compute and enter the total percentage interests
in income and deductions for the current year of
those partners who were partners in both the
%
%
%
%
%
loss year and the current year.
10. Multiply amount on Line 6 by Loss Limitation
Percentage on Line 9
11. Sum of the amounts on Line 10 . Enter here and on Form NYC-204, Page 1, Schedule A, Line 11. This is your Net Operating Loss Deduction.
NYC-NOLD-UBTP - 2017

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