Schedule Nld - Illinois Net Loss Deduction
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Illinois Department of Revenue
Illinois Net
Carry year ending
Schedule NLD
Loss Deduction
______
______
For Illinois net losses arising in tax years ending on or after December 31, 1986.
Month
Year
Attach to your Form IL-1120, IL-1120-ST, IL-1041, IL-1065, or any amended return.
IL Attachment No. 6
Write your name as shown on your return.
Write your federal employer identification number (FEIN).
__________________________________________________________________
___ ___ - ___ ___ ___ ___ ___ ___ ___
Step 1: Figure your Illinois net loss deduction (NLD)
Corporations, other than S corporations, are not allowed to use Illinois NLD to offset any income for tax years ending on or after
January 1, 2011, and before December 31, 2014. See “When Must I Use This Schedule?” for more information.
•
Read the instructions before completing this schedule.
•
“Carry year” is the year to which the loss is being carried.
•
Write all amounts as positive figures.
A
B
C
Earliest loss
Loss year
Loss year
__ __/__ __ __ __
__ __/__ __ __ __
__ __/__ __ __ __
year ending
ending
ending
Month
Year
Month
Year
Month
Year
1
Write your reported Illinois
net loss. See instructions.
____________________
____________________
____________________
2a
Write the carry year and the
amount of Illinois net loss
previously carried back or
a
forward. See instructions. 2
____/____ ____________
____/____ _____________
____/____ _____________
Month Year Loss carried
Month Year Loss carried
Month Year Loss carried
b
____/____ ____________
____/____ _____________
____/____ _____________
Month Year Loss carried
Month Year Loss carried
Month Year Loss carried
c
____/____ ____________
____/____ _____________
____/____ _____________
Month Year Loss carried
Month Year Loss carried
Month Year Loss carried
2d
Add Lines 2a through 2c.
This is your total amount
2d
of loss previously carried.
____________________
____________________
____________________
3
Subtract Line 2d from
Line 1. This is your
remaining Illinois net loss.
____________________
____________________
____________________
4
Write the Illinois base
income for this carry year.
See instructions.
____________________
____________________
____________________
Write Line 6 from previous column
Write Line 6 from previous column
5
Write the lesser of Line 3 or
Line 4. This is your Illinois
net loss deduction (NLD).
____________________
____________________
____________________
Total of Columns A, B,
6
Subtract Line 5 from Line 4.
and C, Line 5.
This is your remaining
See instructions.
income after NLD.
____________________
____________________
____________________
7
Subtract Line 5 from Line 3.
This is your remaining NLD
for subsequent years.
____________________
____________________
____________________
Remember:
You must attach supporting documentation to this schedule.
Step 2: Identify the loss year company
Complete this part only if the loss shown on Step 1, Line 1, originated from a company other than the one filing this return.
Write the FEIN of the company and the reason (e.g., merger) you are allowed to use that company’s losses.
A
B
C
8
9
10
FEIN:
FEIN:
FEIN:
___ ___ - ___ ___ ___ ___ ___ ___ ___
___ ___ - ___ ___ ___ ___ ___ ___ ___
___ ___ - ___ ___ ___ ___ ___ ___ ___
Reason: __________________________
Reason: __________________________
Reason: __________________________
_________________________________
_________________________________
_________________________________
_________________________________
_________________________________
_________________________________
*133201110*
Schedule NLD (R-12/11)
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