New Hampshire Combined Group Net Operating Loss (NOL) Deduction

Combined Group Net Operating Loss (NOL) Deduction 
DP-132-WE
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New Hampshire
Department of
Revenue Administration

2023
DP-132-WE

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*0132WE2311862*
0132WE2311862

NET OPERATING LOSS (NOL) DEDUCTION FOR COMBINED GROUPS
Principal New Hampshire Business Organization Name

Taxpayer Identification Number

MMDDYYYY
For the CALENDAR year 2023 or
other taxable period beginning:

and ending:
Federal Employer ID Number, Social Security
Number or Department ID Number

Nexus Member Name

Column A
Ending date of tax
year in which NOL
occurred

MMDDYYYY

Column B
NOL amount available
for carryforward. See
instructions for limitations
from DP-131-A

Column C
Amount of NOL carry forward
which has been used in
taxable periods prior to
this taxable period

Column D
Amount of NOL to be
used as a deduction
in this taxable period
(See Instructions)

Column E
Amount of NOL to
carry forward to
future taxable periods

1
2
3
4
5
6
7
8
9
10
11

Line 11 - Total Columns B, C, D, & E (Sum Lines 1 - 10 in each respective column).
The amount of NOL carryforward deducted this taxable period is Column D, Line 11. If you have more than one Form DP-132-WE total all Line 11 D amounts to
calculate your NOL carryforward deduction (see instructions).
This is the amount to be reported on the applicable Business Profits Tax return. Use additional Forms DP-132-WE if you have NOL carryforward deduction(s) for more
than one entity.
NOTE: Column B less Column C should equal the sum of Column D plus Column E.

DP-132-WE 2023
Version 1 08/2023

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New Hampshire
Department of
Revenue Administration

2023
DP-132-WE

NET OPERATING LOSS (NOL) DEDUCTION FOR COMBINED GROUPS - Instructions

WHEN TO USE FORM DP-132-WE

Use this form to detail the NOL carry forward amounts that comprise the current taxable period NOL deduction taken on NH-1120-WE. See Rev 307.07, d
and e. If there are two or more New Hampshire nexus members of the combined group, attach additional Forms DP-132-WE.
Chapter 241, Laws of 2022 (Senate Bill 435) amended RSA 77-A:4, XIII by removing the requirement to use the §172 of the U.S. Internal Revenue Code in
effect on December 31, 1996 in the calculation of net operating loss carryover. This act takes effect on July 1, 2022 and shall apply to business
organizations' tax years ending on or after December 31, 2022. Affected business organizations shall use the §172 of the U.S. Internal Revenue Code in
effect as defined in RSA77-A:1, XX.
NAME AND TAXPAYER IDENTIFICATION NUMBER
Enter the Business Organization's name and Taxpayer Identification Number [Social Security Number (SSN), Federal Employer Identification Number (FEIN),
or Department Identification Number (DIN)] in the spaces provided.
For the purpose of administering any state tax as allowed under 42 U.S.C. Section 405, the Commissioner of the Department of Revenue Administration is
authorized to require the submission of an SSN, FEIN, or any other identifying number used in filing or preparing federal tax returns by individuals,
businesses, or return preparers. (See RSA 21-J:27-a; N.H. Code of Admin. Rules, Rev 2903.02(c); and 42 U.S.C. Section 405(c)(2)(C)(i)). Where SSNs or FEINs are
required, taxpayers who have been issued a DIN shall use their DIN only, and not their SSN or FEIN.
Enter the beginning and ending dates of the taxable period if different from the calendar year.
Column (A)
Enter the month, day, and year (MMDDYYYY) of each taxable period from which the NOL is being carried forward.
Column (B)
Enter the amount of the NOL that is available for carry forward purposes.
Combined groups DP-132-WE: If there is more than one New Hampshire nexus member in the combined group, then the carryforward loss must be
allocated in accordance with the N.H. Code of Admin. Rules, Rev. 303.03 for that tax period.
The apportioned loss cannot exceed the following limits based on the tax period in which the loss was incurred. For taxable periods ending:
From July 1, 2005 to December 31, 2012 the maximum amount that may be carried forward is $1,000,000.
For taxable periods ending on or after January 1, 2013, the maximum amount that may be carried forward is $10,000,000.
Column (C)
Enter the NOL amount that was claimed as a deduction in the prior taxable period(s).
Column (D)
Enter only those amounts that will be claimed as a deduction this taxable period. Do not deduct losses incurred in the current taxable period.
NOTE: For tax periods ending on or after December 31, 2022, the deduction claimed in this column is limited to the lesser of the NOL available or
80% of current year taxable income. NOL Carryforwards from tax periods ending prior to December 31, 2018 are not subject to the 80% limitation.
For example: If you have NOL available from prior years totaling $100,000 and your current year taxable income is $100,000, the NOL available to apply is as
follows:
Current year Taxable Income: $100,000 x 80% = $80,000
Total NOL available to apply from prior periods = $100,000
As the lesser of the two is $80,000, you are limited to apply $80,000 of available NOL in the current year, leaving you with $20,000 available to
carryforward to future tax years.
Column (E)
Enter the excess amount(s) available for future deduction.

N.H. Code of Admin. Rules, Rev 303.03 of the New Hampshire Business Profits Tax includes guidance on how to compute the NOL. The RSAs and
administrative rules regarding NOL provisions (RSA 77-A:4, XIII and Rev 303.03) may be obtained from our website at www.revenue.nh.gov or by visiting
any New Hampshire Depository Library or the New Hampshire State Library, 20 Park Street, Concord, NH 03301, where copies may be made for a fee.

DP-132-WE 2023
Version 1 08/2023

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