Each contributing member must reflect the amount of the NOL carry forward that it has
contributed to the member sharing such carry forwards when it files its Schedule U-NOL,
and must reduce the amount of its NOL carry forward that is available for carry forward to
future years by the amount so shared. This reporting is to be made on the contributing
member’s own Schedule U-NOL.
Line 12. Subtract the amount on line 11 from the amount on line 9.
Lines 13 through 24. Repeat the procedure used for lines 11 through 13 for each of up to 4
additional prior tax years.
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