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Form Nyc-Nold-Ubtp - Net Operating Loss Deduction Computation For Unincorporated Business Tax For Partnerships (Including Limited Liability Companies) - 2017 Page 2

Instructions for Form NYC-NOLD-UBTP - 2017

Page 2

LINE 1b

The schedule allows for up to five (5)

sorbed and is not available as a carry-

loss years. If the current year’s net op-

Enter the amount of loss allocated to

over to another year.

erating loss deduction is derived from

New York City for the loss year

LINE 11

more years, please complete and attach

LINES 2 and 3

separate schedule(s).

Add the amounts on Line 10. Enter the

For purposes of completing line 2, the

total here and on Page 1, Schedule A,

The net operating loss deduction allow-

amount of loss absorbed in a year is de-

Line 11

able on Form NYC-204 is computed in

termined without regard to changes in in-

the same manner for unincorporated

terests of the member partners.

business tax purposes as it would be for

LINE 5

federal income tax purposes if the unin-

corporated business were an individual

If the amount on Schedule A, line 10 is a

taxpayer, but taking into account only un-

loss, enter "0."

Enter on line 5 the

incorporated business gross income and

amount from Schedule A, line 10. On

unincorporated business deductions al-

the column for any subsequent loss

located to New York City of the unincor-

year, enter on line 5 the amount from the

porated business.

current year's Schedule A, line 10, re-

duced by the sum of the amounts en-

If the unincorporated business was car-

tered on line 6 for any earlier loss years.

ried on both inside and outside New York

LINES 7, 8, 9 and 10

City during the year in which the net op-

erating loss was sustained, the allowable

For limitations on the net operating loss

current year’s net operating loss deduc-

deduction of a partnership where the in-

tion is determined by reference to the al-

terests of the member partners have

location basis or method used in the

changed between a loss year and the

year the loss was sustained, regardless

year for which the deduction is claimed,

of whether the unincorporated business

refer to Section 11-507(2)(b) of the NYC

was carried on both inside and outside

Administrative Code and 19 RCNY Sec-

New York City during the current year.

tion 28-06(c)(3).

LINE1a

LINE 10

Enter the year ended date (MM-DD-

Multiply the percentage on line 9 by the

YYYY) for the earliest loss year in col-

amount on line 6. The excess, if any, of

umn Year 1.

the amount on line 6 over the amount

entered on line 10 is considered ab-

Form Nyc-Nold-Ubtp - Net Operating Loss Deduction Computation For Unincorporated Business Tax For Partnerships (Including Limited Liability Companies) - 2017 Page 2

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