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Indiana Corporate Income Tax - Indiana Net Operating Loss Deduction
Extracted from PDF file 2023-indiana-form-it-20nol.pdf, last modified April 2020Corporate Income Tax - Indiana Net Operating Loss Deduction
Indiana Department of Revenue Schedule Corporate Income Tax Indiana Net Operating Loss Deduction IT-20NOL State Form 439 (R17 / 8-20) Use a minus sign to denote negative amounts. Name of Corporation or Organization Page attachment sequence #9 Federal Employer Identification Number Part 1 — Computation of Indiana Net Operating Loss Name of Entity reporting NOL Federal Employer Identification Number of Entity reporting NOL Tax Year of Net Operating Loss (must have filed Indiana IT-20 or IT-20NP): MM/DD/YYYY....................................................... Round all entries to the nearest whole dollar 1. Taxable Business Income from IT-20 Line 15 or IT-20NP Line 8.................................................................................. 1 2. Add Foreign Source Dividends deducted from IT-20 Line 12........................................................................................ 2 3. Add any modifications to federal net operating losses required under federal law....................................................... 3 4. Add any deduction for contributions to a regional development authority infrastructure fund....................................... 4 5. Subtract any amount deducted under IRC s. 250(a)(1)(B)............................................................................................ 5 6. Subtotal ........................................................................................................................................................................ 6 7. Apportionment Percentage from IT-20 Line 16(d) or IT-20NP Line 9............................................................................ 7 8. Multiply Line 6 by Line 7................................................................................................................................................ 8 . 9. Add or subtract Indiana nonbusiness income (loss) and Indiana non-unitary partnership income............................... 9 10. Add lines 8 and 9. If negative, this is the Indiana NOL deduction available.................................................................. 10 Part 2 — Computation of Indiana Net Operating Loss Deduction and Carryover Carryover Available Loss Year NOL Deduction Used Balance Available MM/DD/YYYY Column A Column B MM/DD/YYYY Prior row Col B – Current Row Col A 1st year 2nd year 3rd year 4th year 5th year 6th year 7th year 8th year 9th year 10th year 11th year 12th year 13th year 14th year 15th year 16th year 17th year 18th year 19th year 20th year *24100000000* 24100000000 00 00 00 00 00 00 % 00 00 00
Form IT-20NOL
More about the Indiana Form IT-20NOL Corporate Income Tax TY 2023
We last updated the Corporate Income Tax - Indiana Net Operating Loss Deduction in February 2024, so this is the latest version of Form IT-20NOL, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-20NOL directly from TaxFormFinder. You can print other Indiana tax forms here.
Other Indiana Corporate Income Tax Forms:
TaxFormFinder has an additional 69 Indiana income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form NP-20 | Nonprofit Organization's Annual Report |
| IT-65 Booklet | Current Year Partnership Return Booklet with Forms and Schedules |
| Form IT-20 | Corporate Adjusted Gross Income Tax Forms and Schedules |
| IT-20 Booklet | Current Year Corporate Adjusted Gross Income Tax Booklet with Forms and Schedules |
| Schedule IN K-1 | Shareholder's/Partner's Share of IN AGI, Deductions, Modifications and Credits |
View all 70 Indiana Income Tax Forms
Form Sources:
Indiana usually releases forms for the current tax year between January and April. We last updated Indiana Form IT-20NOL from the Department of Revenue in February 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 Indiana Form IT-20NOL
We have a total of thirteen past-year versions of Form IT-20NOL in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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