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Massachusetts Net Operating Loss
Extracted from PDF file 2023-massachusetts-schedule-nol.pdf, last modified February 2023Net Operating Loss
Massachusetts Department of Revenue Schedule NOL Net Operating Loss Carryforward For calendar year 2023 or taxable year beginning Name of corporation 2023 2023 and ending Federal identification number Date of most recent ownership change. See instructions 1 Corporation’s total income allocated or apportioned in Massachusetts for the year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Fill in if the amount of NOL available for any year below is different from the NOL remaining as shown on last year’s tax return. . . . . . . . . . . . . . . . . . . ● Explain difference (see instructions)____________________________________________________________________________________________ 3 Fill in if the taxpayer is subject to a limitation under Internal Revenue Code (IRC) § 382. If filled in, the taxpayer must separately determine and apply its Massachusetts IRC § 382 limitation under 830 CMR 63.30.2(9)(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ● 4 List the available losses by tax year end. Losses may be carried forward up to 20 years. List any available losses from the oldest prior year first. Then list, in descending order, the available loss for each succeeding prior taxable year. Period end date Column totals Massachusetts post-apportionment NOL available NOL used NOL shared with other member(s) Remaining NOL 2023 SCHEDULE NOL, PAGE 2 Name of corporation Federal identification number 5 Total Massachusetts Post Apportionment NOL available. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Total Massachusetts NOL used. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Total NOL shared with other members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Total remaining NOL not used or shared. Subtract lines 6 and 7 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Total NOL expired (if applicable) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Total remaining NOL carryover available for future years (subtract line 9 total from line 8 total and enter here). . . . . . . . . . . 10
Schedule NOL
More about the Massachusetts Schedule NOL Corporate Income Tax TY 2023
We last updated the Net Operating Loss in January 2024, so this is the latest version of Schedule NOL, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule NOL directly from TaxFormFinder. You can print other Massachusetts tax forms here.
Other Massachusetts Corporate Income Tax Forms:
TaxFormFinder has an additional 126 Massachusetts income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 2 | Fiduciary Income Tax Return |
| Schedule DRE | Disclosure of Disregarded Entity |
| Schedule D-IS | Long-Term Capital Gains and Losses Excluding Collectibles |
| Form 355-7004 | Corporate Extension Worksheet |
| Form 3 | Partnership Return |
View all 127 Massachusetts Income Tax Forms
Form Sources:
Massachusetts usually releases forms for the current tax year between January and April. We last updated Massachusetts Schedule NOL from the Department of Revenue in January 2024.
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 Massachusetts Schedule NOL
We have a total of eleven past-year versions of Schedule NOL in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2014 Schedule NOL
sch. NOL
2013 Schedule NOL
sch. NOL.alt_sch. NOL
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