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Massachusetts Member's Shared Loss Carryover
Extracted from PDF file 2023-massachusetts-schedule-u-nols.pdf, last modified July 2023Member's Shared Loss Carryover
CAUTION: This tax return must be filed electronically. Paper versions of this return will not be accepted. If you have questions about filing electronically, contact us at 617-887-6367. See https://www.mass.gov/info-details/dor-e-filing-and-paymentrequirements for further information about our electronic filing and payment requirements. 2023 Massachusetts Schedule U-NOLS Member’s Shared Loss Carryover For calendar year 2023 or taxable period beginning Department of Revenue 2023 and ending Member’s name Federal Identification number Unitary business identifier Name of principal reporting corporation Federal Identification number Combined group year-end date 1 Check if an affiliated group or worldwide election is in effect for the current year ●. If Yes (check one): ● Affiliated group ● Worldwide 2 Check if member is a mutual fund service corporation ● Taxable Income to Which a Shared NOL May Be Applied ns m tu r fo r re 21 -9 er e TI R s 16 -9 an d Pa p Se n. 9 m 13 14 15 at io 10 11 12 16 17 18 or e w ill no tb e E- 10 Period end date for the oldest tax period for which any other member has an available loss which may be shared. . . . . 11 Amount of shared NOL being deducted by this member (not greater than line 9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Remaining income against which shared NOL may be deducted. Subtract line 11 from line 9. . . . . . . . . . . . . . . . . . . . . . 13 Period end date for the next oldest tax period for which any other member has an available loss which may be shared.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Amount of shared NOL being deducted by this member (not greater than line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Remaining income against which shared NOL may be deducted. Subtract line 14 from line 12 . . . . . . . . . . . . . . . . . . . . 16 Period end date for the next oldest tax period for which any other member has an available loss which may be shared . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Amount of shared NOL being deducted by this member (not greater than line 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Remaining income against which shared NOL may be deducted. Subtract line 17 from line 15 . . . . . . . . . . . . . . . . . . . . 19 Period end date for the next oldest tax period for which any other member has an available loss which may be shared . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Amount of shared NOL being deducted by this member (not greater than line 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Remaining income against which shared NOL may be deducted. Subtract line 20 from line 18 . . . . . . . . . . . . . . . . . . . . 22 Period end date for the next oldest tax period for which any other member has an available loss which may be shared . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Amount of shared NOL being deducted by this member (not greater than line 21). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Remaining income against which shared NOL may be deducted. Subtract line 23 from line 21 . . . . . . . . . . . . . . . . . . . . 25 Period end date for the next oldest tax period for which any other member has an available loss which may be shared . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Amount of shared NOL being deducted by this member (not greater than line 24). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Remaining income against which shared NOL may be deducted. Subtract line 26 from line 24 . . . . . . . . . . . . . . . . . . . . 28 Period end date for the next oldest tax period for which any other member has an available loss which may be shared . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Amount of shared NOL being deducted by this member (not greater than line 27). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Remaining income against which shared NOL may be deducted. Subtract line 29 from line 27 . . . . . . . . . . . . . . . . . . . . 31 Period end date for the next oldest tax period for which any other member has an available loss which may be shared . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Amount of shared NOL being deducted by this member (not greater than line 30). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Remaining income against which shared NOL may be deducted. Subtract line 32 from line 30 . . . . . . . . . . . . . . . . . . . . 8 fo r Fi NOL of Other Members Being Deducted 3 4 5 6 7 in le O ac ce p nl y. te d. 3 Enter the amount from Schedule U-MSI, line 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Enter the amount from Schedule U-MSI, line 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Enter the amount from Schedule U-MSI, line 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Non-deductible capital loss if attributable to this business. Enter as a positive amount (see instructions). . . . . . . . . . . . . . 7 Maximum taxable net income attributable to this business. Combine lines 3 through 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Member’s total income allocated or apportioned to Massachusetts for the tax year before deduction of any shared NOL (from Schedule U-ST, line 26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Member’s taxable income against which a shared NOL may be taken. If the group is subject to an affiliated group election, enter the amount from line 8 above. All other taxpayers enter the smaller of line 7 or line 8. . . . . . . . . . . . . . . . . 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 NOL of Other Members Being Deducted (cont’d) fo rm -9 21 an d 9 16 - s R TI e 37 38 39 40 41 42 43 44 45 n. 46 47 48 rm fo in 52 53 54 at io 49 50 51 55 56 57 or ur ns re t er Pa p Se 34 35 36 e w ill no tb e E- Fi le ac ce p O nl te y. d. 34 Period end date for the oldest tax period for which any other member has an available loss which may be shared. . . . . 35 Amount of shared NOL being deducted by this member (not greater than line 33). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Remaining income against which shared NOL may be deducted. Subtract line 35 from line 33 . . . . . . . . . . . . . . . . . . . . 37 Period end date for the next oldest tax period for which any other member has an available loss which may be shared.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Amount of shared NOL being deducted by this member (not greater than line 36). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Remaining income against which shared NOL may be deducted. Subtract line 38 from line 36 . . . . . . . . . . . . . . . . . . . . 40 Period end date for the next oldest tax period for which any other member has an available loss which may be shared . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Amount of shared NOL being deducted by this member (not greater than line 39). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 Remaining income against which shared NOL may be deducted. Subtract line 41 from line 39 . . . . . . . . . . . . . . . . . . . . 43 Period end date for the next oldest tax period for which any other member has an available loss which may be shared . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 Amount of shared NOL being deducted by this member (not greater than line 42). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 Remaining income against which shared NOL may be deducted. Subtract line 44 from line 42 . . . . . . . . . . . . . . . . . . . . 46 Period end date for the next oldest tax period for which any other member has an available loss which may be shared . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 Amount of shared NOL being deducted by this member (not greater than line 45). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Remaining income against which shared NOL may be deducted. Subtract line 47 from line 45 . . . . . . . . . . . . . . . . . . . . 49 Period end date for the next oldest tax period for which any other member has an available loss which may be shared.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 Amount of shared NOL being deducted by this member (not greater than line 48). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 Remaining income against which shared NOL may be deducted. Subtract line 50 from line 48 . . . . . . . . . . . . . . . . . . . . 52 Period end date for the next oldest tax period for which any other member has an available loss which may be shared.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 Amount of shared NOL being deducted by this member (not greater than line 51). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 Remaining income against which shared NOL may be deducted. Subtract line 53 from line 51 . . . . . . . . . . . . . . . . . . . . 55 Period end date for the next oldest tax period for which any other member has an available loss which may be shared.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Amount of shared NOL being deducted by this member (not greater than line 54). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 Remaining income against which shared NOL may be deducted. Subtract line 56 from line 54 . . . . . . . . . . . . . . . . . . . . 58 Period end date for the next oldest tax period for which any other member has an available loss which may be shared.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 Amount of shared NOL being deducted by this member (not greater than line 57). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 Remaining income against which shared NOL may be deducted. Subtract line 59 from line 57 . . . . . . . . . . . . . . . . . . . . 61 Period end date for the next oldest tax period for which any other member has an available loss which may be shared.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62 Amount of shared NOL being deducted by this member (not greater than line 60). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 Remaining income against which shared NOL may be deducted. Subtract line 62 from line 60 . . . . . . . . . . . . . . . . . . . . 64 Period end date for the next oldest tax period for which any other member has an available loss which may be shared.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 Amount of shared NOL being deducted by this member (not greater than line 63). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 Remaining income against which shared NOL may be deducted. Subtract line 65 from line 63 . . . . . . . . . . . . . . . . . . . . 67 Period end date for the next oldest tax period for which any other member has an available loss which may be shared.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 Amount of shared NOL being deducted by this member (not greater than line 66). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69 Amount of shared NOL being deducted by this member. Combine lines 11, 14, 17, 20, 23, 26, 29, 32, 35, 38, 41, 44, 47, 50, 53, 56, 59, 62, 65 and 68 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 59 60 61 62 63 64 65 66 67 68 69
Schedule U-NOLS
More about the Massachusetts Schedule U-NOLS Corporate Income Tax Tax Credit TY 2023
We last updated the Member's Shared Loss Carryover in January 2024, so this is the latest version of Schedule U-NOLS, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule U-NOLS directly from TaxFormFinder. You can print other Massachusetts tax forms here.
Related Massachusetts Corporate Income Tax Forms:
TaxFormFinder has an additional 126 Massachusetts income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Massachusetts Schedule U-NOLS.
| Form Code | Form Name |
|---|---|
| Schedule U-CS | Credits Shared from Other Members |
| Schedule U-CI | Combined Income |
| Schedule U-E | Massachusetts Unitary or Affiliated Group Income |
| Schedule U-IC | Member's Individual Credits |
| Schedule U-INS | Payment to Insurance Companies Under Common Owners |
| Schedule U-M | Member's Income and Expenses |
| Schedule U-ST | Member’s Separate Computation of Tax |
| Schedule U-MSI | Member's Apportioned Share of Group Income |
| Schedule U-MTI | Member’s Taxable Income from Sources Other Than the Unitary Business |
| Schedule U-TM | Tax by Member |
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 U-NOLS from the Department of Revenue in January 2024.
Schedule U-NOLS is a Massachusetts Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
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 U-NOLS
We have a total of thirteen past-year versions of Schedule U-NOLS in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2014 Schedule U-NOLS
sch. U-NOLS
2013 Schedule U-NOLS
sch. U-NOLS_sch. U-NOLS
2012 Schedule U-NOLS
sch. U-NOLS
2011 Schedule U-NOLS
sch. U-NOLS
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