Missouri Net Operating Loss Addition Modification Worksheet

Net Operating Loss Addition Modification Worksheet
MO-5090 New Operating Loss Addition Modofication SheetReset Form

Form
MO-5090

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Department Use Only
(MM/DD/YY)

Net Operating Loss Addition Modification Sheet

Taxable Year

Beginning

Ending

(MM/DD/YY)

Missouri Tax I.D.

Federal Employer

Number

I.D. Number

Charter
Number

Enclosure Sequence No. 1120-07
Corporation Name

Year of Loss

Year of Modification

Complete this worksheet to compute the net operating loss (NOL) addition modification, pursuant to Section 143.431.4, RSMo. See instructions. Use this form if the corporation
reported a net operating loss deduction on Federal Form 1120, Line 29a or on Federal Form 1139 or Federal Form 1120X for carryback years and in the year of the initial loss,
used the loss to offset Missouri net positive additions. If both do not apply, there is no net operating loss modification to compute. If both apply, then complete the net operating
loss modification worksheet. If the NOL deduction is the sum of multiple years, you must complete a Form MO-5090 for each loss year.

Column 1

Column 2

1. Net operating loss deduction used in the current year.
(Enter as a positive amount.)

2a. State tax addback

2b. State and local bond interest (except Missouri)

2c. Fiduciary and partnership adjustment

2d. Missouri depreciation basis adjustment

2e. Donations claimed for the Food Pantry Tax Credit

2f. Business Interest Expense Carryforward

Modificatons

3. All required additions to federal taxable income, except for the
net operating loss modification: add Lines 2a, 2b, 2c, 2d, 2e and 2f

Column 3

Column 4
00

4a. Interest on U.S. Government obligations

4b. Federally taxable — Missouri exempt obligations

4c. Reduction in gain due to basis difference and Agriculture Disaster Relief

4d. Previously taxed income

4e. Amount of any state income tax refund included in federal
taxable income

4f. Capital gain exclusion from the sale of low income housing
project

4g. Fiduciary and partnership adjustment

4h. Missouri depreciation basis adjustment

4i. Net operating loss carryback previously disallowed for Missouri

4j. Depreciation recovery on qualified property that is sold

4k. Build America and Recovery Zone Bond Interest

4l. Missouri Public-Private Partnerships Transportation Act

4m. Disallowed Business Interest Expense

5. All required subtractions from federal taxable income:
add Lines 4a through 4m

6. Net addition modification (but not less than zero):
Line 3 minus Line 5

7. Total net operating loss from the Loss Year
___________ (Enter as a positive amount)

8. Net operating loss deductions utilized in all prior years
(Enter as a positive amount)

9. Cumulative sum: Line 1 plus Line 8

10. Sum: Line 6 plus Line 9

11. Amount: Line 10 minus Line 7 (but not less than zero)

12. Net operating loss modification: lesser of Line 1 or Line 11.
Enter the amount here and on Form MO-1120, Part 1, Line 3.

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Net Operating Loss Addition Modification Sheet Instructions
Use this form for corporations that 1) reported a net operating loss (NOL) deduction for carryback years on the Federal Form 1120 -Line 29A, Federal Form
1139, or Federal Form 1120X and 2) used the loss to offset Missouri net positive additions in the year of the initial loss. If both do not apply, there is no net
operating loss modification. If both apply, then complete the net operating loss addition modification worksheet. If the NOL deduction is the sum of multiple
years, you must complete a Form MO-5090 for each loss year.
1. Enter on Line 1, Columns 1 and 4, the amount of the net operating loss deduction attributable to the loss year from Federal Form 1120, Line
29a of the carryover year or from Federal Form 1139 or Federal Form 1120X for carryback years. This is the amount of the deduction utilized
in the current year.

2. Enter on Lines 2a through 2f all required additions from the loss year to federal taxable income, except for the net operating loss modification.
See Section 143.121.2(3), RSMo regarding the Missouri depreciation basis adjustment for Line 2d.

3. Add Lines 2a through 2f and enter the total on Line 3 to compute all required additions from the loss year to federal taxable income.

4. Enter on Lines 4a through 4m all required subtractions from federal taxable income from the loss year. See Section 143.121.3(2), RSMo and
12 CSR 10-2.020 regarding the reduction in gain due to basis difference for Line 4c. See Section 143.121.3(10), RSMo regarding the Agriculture
Disaster Relief for Line 4c. See Section 143.121.3(7), RSMo regarding the Missouri depreciation basis for Line 4h. See Section 143.121.2(4),
RSMo regarding the net operating loss carryback previously disallowed for Missouri on Line 4i. See Section 143.121.3(9), RSMo regarding
the depreciation recovery on qualified property that is sold for Line 4j. See Section 108.1020, RSMo regarding the Build America and Recovery
Zone Bond Interest for Line 4k. See Section 227.646, RSMo regarding the Missouri Public-Private Partnerships Transportation Act for Line 4l.

5. Add Lines 4a through 4m and enter the total on Line 5 to compute all required subtractions from the loss year from federal taxable income.

6. Subtract Line 5 from Line 3 and enter on Line 6 (but not less than zero). This will give you the net addition modification, as the amount that all
required additions exceeds all required subtractions.

7. Enter the total amount of the net operating loss from Federal Form 1120, Line 30 of the loss year in Column 3 and enter the tax year of the net
operating loss in the blank provided.

8.
Enter the amount of the net operating loss deduction utilized in prior years from Federal Form 1120, Line 29a from all prior carryover years of this
loss year or from Federal Form 1139 or Federal Form 1120X from the carryback years.

Add Lines 1 and 8 and enter on Line 9

10.

Add Lines 6 and 9 and enter on Line 10.

11.

Subtract Line 7 from Line 10 (but not less than zero) and enter on Line 11.

12.

Enter the lesser of Line 1 or 11 on Line 12 and also on Form MO-1120, Page 3, Part 1, Line 3.

Note: Y
ou must specifically identify each loss year that is part of the net operating loss deduction and a separate Form MO-5090 must be completed
for each loss year.
Note: T
he above items are each considered to be a positive amount for purposes of this calculation. If the result of combining amounts is negative, use
zero.

Frequently Asked Questions

If a taxpayer has incurred a net operating loss, when is a net operating loss addition modification computed?

A net operating loss addition modification is computed when a net operating loss deduction is claimed. If there was a net operating loss for the
tax year 2017 and the taxpayer carried it back two years and claimed a net operating loss deduction on an amended federal return for tax year
2015, then a net operating loss addition modification would be computed for the 2015 amended Missouri return.

Is the Net Operating Loss Addition Modification computed for the year of the loss?
No, it is computed for the year a net operating loss deduction is used.

3. If a taxpayer has claimed a net operating loss deduction on its federal return and in the year the initial loss was incurred, its Missouri addition
modifications are less than its subtraction modifications, does it have to compute a net operating loss modification?
No, there is no net operating loss addition modification attributable to the net operating loss because in the year of the initial loss, the Missouri
addition modifications were less than the Missouri subtraction modifications.
4. If the net operating loss deduction is composed of net operating loss amounts from more than one year, is there more than one net operating
loss addition modification?
Yes, a net operating loss addition modification must be computed for each net operating loss included in the net operating loss deduction.

If more than one net operating loss addition modification is computed, in what order are the amounts computed?

The net operating loss addition modifications are computed in the same order the net operating losses are used as net operating loss deductions
for federal income tax purposes.

Mail to:

Taxation Division
PO Box 3365
Jefferson City, MO 65105-3365

Phone: (573) 751-4541
Fax:
(573) 522-1721
E-mail: [email protected]

Form MO-5090 (Revised 12-2023)

Visit dor.mo.gov/taxation/business/tax-types/corporation-income/
for additional information.

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Extracted from PDF file 2023-missouri-form-mo-5090.pdf, last modified November 2022

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More about the Missouri Form MO-5090 Corporate Income Tax TY 2023

We last updated the Net Operating Loss Addition Modification Worksheet in January 2024, so this is the latest version of Form MO-5090, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form MO-5090 directly from TaxFormFinder. You can print other Missouri tax forms here.

Other Missouri Corporate Income Tax Forms:

TaxFormFinder has an additional 61 Missouri income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Form MO-1120S	S Corporation Income Tax Return Tax Return
Form INT-2-1	Bank Franchise Tax Schedule BF
Form MO-C	Missouri Dividends Deduction Schedule
Form MO-FT	Corporation Franchise Tax Schedule (must be filed with the 2013 MO-1120 or MO-1120S)
Form MO-NFT	No Franchise Tax Due

Download all MO tax forms View all 62 Missouri Income Tax Forms

Form Sources:

Missouri usually releases forms for the current tax year between January and April. We last updated Missouri Form MO-5090 from the Department of Revenue in January 2024.

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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 Missouri Form MO-5090

We have a total of thirteen past-year versions of Form MO-5090 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form MO-5090

MO-5090 New Operating Loss Addition Modofication Sheet

2022 Form MO-5090

MO-5090 New Operating Loss Addition Modofication Sheet

2021 Form MO-5090

MO-5090 Net Operating Loss Addition Modification Sheet

2020 Form MO-5090