Form 511nr-Nol - Oklahoma Net Operating Loss(Es) Nonresident/part-Year Residents Only Page 5
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5Supplement to Form 511NR
Oklahoma Net Operating Loss(es)
Intervening Year:
Nonresident/Part-Year Residents Only - Page 5
NOL Year:
511nr-nol
Taxpayer Social Security Number
Taxpayer’s first name and initial
Last name
Schedule B
OKLAHOMA
Computation of Net Operating Loss Carryover/Back
Revised 2014
“Oklahoma Amount Column”
The “Oklahoma Amount Column” NOL absorbed in each intervening year will be the amount of the modified Adjusted Gross
Income - Oklahoma Source. The modified Adjusted Gross Income - Oklahoma Source will be calculated using this worksheet.
A separate NOL Schedule B must be used for each year.
If the “Oklahoma Amount Column” NOL is carried into a year when the taxpayer is a full year resident, the NOL Schedule B for
Form 511 will be used.
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
I.
previous year’s NOL Schedule B.......................................
To compute modified taxable income:
A.
To compute Oklahoma Adjusted Gross Income
for the Intervening Year.
Oklahoma Source Income
from Form 511NR,
1.
A1.
Line 1 (line 18 for 2012 and prior) .........................................
2.
Oklahoma Additions
from Schedule 511NR-A,
Oklahoma 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,
Oklahoma 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.
Oklahoma capital losses in excess of Oklahoma
capital gains (included in the net capital loss
limitation from Federal Sch. D).
(Note: Enter as a positive number.) .....................................................
B1.
2.
Section 1202 exclusion and domestic production activities deduction
................................
B2.
attributable to Oklahoma
(enter as a positive number)
3.
Adjustments to Adjusted Gross Income
(attributable to income & deductions
from the Federal NOL carryover worksheet ...........
B3.
in the Okla. Amount Column)
II.
Modified Oklahoma Adjusted Gross Income.
(line A4 plus lines B1, B2 and B3.) If zero or less, enter zero .............................
II.
III.
Oklahoma NOL carryover to the Oklahoma Amount Column.
(line I minus line II.) If zero or less, enter zero.
Enter the Oklahoma NOL carryover on the next intervening year’s return
(Form 511NR, Sch. 511NR-B, Okla. Amount Column or Form 511, Sch. 511-A).
III.
A copy of your Federal return is required for the intervening year entered above.
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