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Illinois Unitary Illinois Net Loss Deduction [OBSOLETE]
Schedule UB-NLD is obsolete, and is no longer supported by the Illinois Department of Revenue.
Extracted from PDF file 2019-illinois-schedule-ub-nld.pdf, last modified July 2019Unitary Illinois Net Loss Deduction [OBSOLETE]
Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes. *33612191W* Illinois Department of Revenue Carry year ending 2019 Schedule UB/NLD Unitary Illinois Net Loss Deduction Attach to your Form IL-1120 or Form IL-1120-X. For Illinois net losses arising in tax years ending on or after December 31, 1986. _______________________________________________________________________ Month Year IL Attachment No. 6 ____ ____ - ____ ____ ____ ____ ____ ____ ____ Enter your name as shown on your tax return. Enter your federal employer identification number (FEIN). This schedule is for use only in tax years ending on or after December 31, 2019. For other years, use the schedule for that year. “Carry year” is the year to which the loss is being carried. Step 1: Identify your members 1 Enter the name of each unitary member that is carrying a loss. 2 Enter the FEIN of each unitary member. A B C D E ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ Combined Totals Step 2: Figure your loss year amounts 3 Enter the year of your loss that expires first. ___________ 3 ___________ 4 Enter the combined net income before this Illinois NLD. 4 ____________ 00 5 Enter each member’s loss for the year. ____________ 00 ____________ 00 ____________ 00 ____________ 00 5 ____________ 00 6 Net income after this Illinois NLD. Subtract Col. E, Line 5 from Line 4. 6 ____________ 00 7 Enter the percentage of total loss. See instructions. ____ _________ ____ _________ ____ _________ ____ _________ 7 ___ __________ 8 Unused loss. See instructions. ____________ 00 ____________ 00 ____________ 00 ____________ 00 8 ____________ 00 9 Enter the year of your loss that expires next. ___________ 9 ___________ 10 Enter the amount from Column E, Line 6. If negative, enter zero. 10 ____________ 00 11 Enter the loss amount for the year on Line 9. ____________ 00 ____________ 00 ____________ 00 ____________ 00 11 ____________ 00 12 Net income after this Illinois NLD. Subtract Col. E, Line 11 from Line 10. 12 ____________ 00 13 Enter the percentage of total loss. See instructions. ____ _________ ____ _________ ____ _________ ____ _________ 13 ___ __________ 14 Unused loss. See instructions. ____________ 00 ____________ 00 ____________ 00 ____________ 00 14 ____________ 00 15 Enter the year of your loss that expires next. ___________ 15 ___________ 16 Enter the amount from Line 12. If negative, enter zero. 16 ____________ 00 17 Enter the loss amount for the year on Line 15. ____________ 00 ____________ 00 ____________ 00 ____________ 00 17 ____________ 00 18 Net income after this Illinois NLD. Subtract Col. E, Line 17 from Line 16. 18 ____________ 00 19 Enter the percentage of total loss. See instructions. ____ _________ ____ _________ ____ _________ ____ _________ 19 ___ __________ 20 Unused loss. See instructions. ____________ 00 ____________ 00 ____________ 00 ____________ 00 20 ____________ 00 21 Enter the year of your loss that expires next. ___________ 21 ___________ 22 Enter the amount from Line 18. If negative, enter zero. 22 ____________ 00 23 Enter the loss amount for the year on Line 21. ____________ 00 ____________ 00 ____________ 00 ____________ 00 23 ____________ 00 24 Net income after this Illinois NLD. Subtract Col. E, Line 23 from Line 22. 24 ____________ 00 25 Enter the percentage of total loss. See instructions. ____ _________ ____ _________ ____ _________ ____ _________ 25 ___ __________ 26 Unused loss. See instructions. ____________ 00 ____________ 00 ____________ 00 ____________ 00 26 ____________ 00 . . . . . . . . . . . . . . . . . . . . Step 3: Figure your total deduction and taxable income. (Read the specific instructions before completing this step.) 27 Enter the combined net income from Step 2, Column E, Line 4. 28 Enter the Illinois net loss deduction claimed on this Schedule UB/NLD. 29 Enter the Illinois net loss deduction claimed, but not used. 30 Subtract Line 29 from Line 28. This is your Illinois Net Loss Deduction for this tax year. 31 Subtract Line 30 from Line 27. This is your taxable income after NLD. Schedule UB/NLD (R-12/19) 27 ____________ 00 28 ____________ 00 29 ____________ 00 30 ____________ 00 31 ____________ 00 This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this information is REQUIRED. Failure to provide information could result in a penalty. Reset Print Printed by the authority of the State of Illinois - web only, 1 copy
2019 Schedule UB/NLD, Unitary Illinois Net Loss Deduction
More about the Illinois Schedule UB-NLD Corporate Income Tax
Obsolete Schedules NLD, Illinois Net Loss Deduction, and UB/NLD, Unitary Illinois Net Loss Deduction, are no longer schedules to be completed and sent in with the return. Both schedules have been redesigned as worksheets to be completed to assist you with calculating your Illinois Net Loss Deduction. The worksheets are not required to be submitted with your return and should be retained with your records. See Appendix C in these instructions.
We last updated the Unitary Illinois Net Loss Deduction [OBSOLETE] in April 2021, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Illinois Department of Revenue. You can print other Illinois tax forms here.
Related Illinois Corporate Income Tax Forms:
TaxFormFinder has an additional 75 Illinois income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Illinois Schedule UB-NLD.
| Form Code | Form Name |
|---|---|
| Schedule UB | Combined Apportionment for Unitary Business Group |
| Schedule UB-INS | Tax for a Unitary Business Group with Foreign Insurer Members |
| Form Subgroup Schedule (UB) | Subgroup Schedule |
View all 76 Illinois Income Tax Forms
Form Sources:
Illinois usually releases forms for the current tax year between January and April. We last updated Illinois Schedule UB-NLD from the Department of Revenue in April 2021.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Illinois Schedule UB-NLD
We have a total of five past-year versions of Schedule UB-NLD in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2019 Schedule UB-NLD
2019 Schedule UB/NLD, Unitary Illinois Net Loss Deduction
2018 Schedule UB-NLD
2016 Schedule UB/NLD, Unitary Illinois Net Loss Deduction
2017 Schedule UB-NLD
2017 Schedule UB/NLD, Unitary Illinois Net Loss Deduction
2016 Schedule UB-NLD
2016 Schedule UB/NLD, Unitary Illinois Net Loss Deduction
2015 Schedule UB-NLD
2015 Schedule UB/NLD, Unitary Illinois Net Loss Deduction
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