Form Nyc-2.4 - Net Operating Loss Deduction (Nold) - 2017

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- 2.4
NET OPERATING LOSS DEDUCTION (NOLD)
TM
You MUST attach this form to Form NYC-2 or NYC-2A each tax year
Department of Finance
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A. Were there any special federal Net Operating Loss elections? ...........................................................................................
YES
NO
B. NYC-2A filers: Have there been any changes in the composition of the group of corporations included in this Combined
n
n
Business Corporation Tax Return from the prior tax period? If "YES," please complete page 2. (See instructions) .............
YES
NO
n
n
C. Are you making an election to waive the carryback period for NOLs generated in the current tax period?........................
YES
NO
SCHEDULE A - COMPUTATION OF CURRENT NYC NET OPERATING LOSS DEDUCTION (NOLD)
1.
Multiply Form NYC-2 or NYC-2A, Schedule B, line 34 by your appropriate business income base
tax rate for the current year from Schedule H, Determination of Tax Rate in Form NYC-2 or NYC-2A (see instr.) .... 1.
2.
Enter the greater of the capital base tax or the fixed dollar minimum tax for the current tax year (from Form
NYC-2 or NYC-2A, Schedule A, line 2 or 3) ................................................................................................. 2.
3.
Subtract line 2 from line 1. If less than zero, enter "0" (see instructions) .................................................. 3.
4.
Maximum amount of NOLs to be deducted in the current tax year (divide line 3 by the same
business income base tax rate used for line 1) ............................................................................................ 4.
5a.
NOLs incurred on or after January 1, 2015 and before current year,
which have not been previously used ........................................................... 5a.
5b. NOL incurred in the current year .................................................................. 5b.
5c.
Carryback of NOL from a subsequent year ................................................... 5c.
If you have an entry on line 5c, list the year(s)
from which the NOLs are being carried back ___________________________
5d. Add lines 5a through 5c ............................................................................... 5d.
5e.
NOLs expired before current year ................................................................ 5e.
5f.
Total NOLs available in this period (subtract line 5e from line 5d) ..................................................................... 5f.
6.
NOLD to be used in the current tax year. (Enter the lesser of line 4 or line 5f.
Enter here and on Form NYC-2 or NYC-2A, Schedule B, line 35) .............................................................. 6.
7.
Unused NOLD (subtract line 6 from line 5f, do not enter less than zero) .................................................... 7.
SCHEDULE B - NYC NET OPERATING LOSS DEDUCTION SCHEDULE (NOLD)
COLUMN A
COLUMN B
COLUMN C
COLUMN D
COLUMN E
COLUMN F
Amount from NYC-2A or
NYC Net Operating
NYC Net Operating
NYC Net Operating
NYC Net Operating
APPLICABLE YEAR
Tax Year
NYC-2, Sch. B, line 34
Loss Generated
Loss Utilized
Loss Expired
Loss Remaining
1. 2nd preceding year
2015
2. 1st preceding year
2016
3. Current year
2017
31611791
NYC-2.4 - 2017 - Rev. 11.22.2017

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