Form 511nr-Nol - Oklahoma Net Operating Loss(Es) Nonresident/part-Year Residents Only Page 4
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5Supplement to Form 511NR
Oklahoma Net Operating Loss(es)
Intervening Year:
Nonresident/Part-Year Residents Only - Page 4
NOL Year:
511nr-nol
Taxpayer Social Security Number
Taxpayer’s first name and initial
Last name
Schedule B
FEDERAL
Computation of Net Operating Loss Carryover/Back
Revised 2014
“Federal Amount Column”
The “Federal Amount Column” NOL absorbed in each intervening year on Form 511NR will be the amount of the modified taxable income. The
modified taxable income will be calculated using this worksheet. A separate NOL Schedule B must be used for each year.
I.
Net Operating Loss Deduction. Enter here as a positive
number the NOL from NOL Schedule A, line 26. In
succeeding year, enter amount from line III of previous
year’s NOL Schedule B ......................................................
I.
To compute modified taxable income:
A.
To compute Oklahoma Adjusted Gross Income
for the Intervening Year.
1.
Federal Adjusted Gross Income from Form
A1.
511NR, line 2 (line 19 for 2012 and prior) ............
2.
Oklahoma Additions from Schedule 511NR-A,
Federal Amount Column.
Be sure to include any
Federal NOL carryover included in line A1 above.
A2.
(Enter as a positive number) ...........................................
3.
Oklahoma Subtractions from Schedule 511NR-
B Federal Amount Column.
Be sure to exclude the
A3.
NOL for the NOL year entered above or later years .......
(
)
4.
Adjusted Gross Income before the NOL
deduction for the NOL year entered above.
A4.
(Combine lines A1 through A3) ..........................
B.
Modifications: (For intervening year)
1.
Net capital loss deduction from Sch. D:
line 21
...............................
(Note: Enter as a positive number.)
B1.
2.
Section 1202 exclusion and domestic production
B2.
(enter as a positive number) ..........
activities deduction
3.
Adjustments to Adjusted Gross Income from the
Federal NOL carryover worksheet .....................
B3.
C.
Modified Oklahoma Adjusted Gross Income.
(line A4 plus lines B1, B2 and B3.) ..........................
C.
D.
Less Allowable Modified Itemized Deductions.
1.
Itemized deductions reported on the return less
the adjustments to itemized deductions from the
D1.
Federal NOL carryover worksheet .....................
OR
2.
Oklahoma standard deduction if line D1 is not
applicable (For 2005 and prior, computed on
D2.
line C above) ......................................................
3.
Allowable deductions. (line D1 or D2) ................
D3.
(
)
E.
Adjustments to Adjusted Gross Income
from
Schedule 511NR-C.
E.
Example: Military Pay Exclusion, Disability Deduction, etc
(
)
II.
Modified taxable income. (lines C combined with
D3 and E.) If zero or less, enter zero ..................................
II.
III.
Oklahoma NOL carryover to the Federal Amount Column.
(line I minus line II.) If zero or less, enter zero. Enter the NOL carryover on the
....
next intervening year’s return (Form 511NR, Sch. 511NR-B, Fed. Amount Column)
III.
A copy of your Federal return is required for the intervening year entered above.
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