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New Hampshire Free Printable DP-131-A for 2024 New Hampshire Net Operating Loss Worksheet

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Net Operating Loss Worksheet
DP-131-A

Reset Form Print Form New Hampshire Department of Revenue Administration 2023 DP-131-A *DP131A2311862* DP131A2311862 WORKSHEET FOR APPORTIONMENT OF NET OPERATING LOSS (NOL) (SEE RSA 77-A:4, XIII) Business Organization Name Taxpayer Identification Number MMDDYYYY MMDDYYYY For the CALENDAR year 2023 or other taxable period beginning: 1 The amount of the current period NOL (See entity type line references below) Proprietorship: Fiduciary: Partnership: Corporation: Combined: July 1, 2005 - Tax Year 2010 Line 6 of NH-1040 Line 6 of NH-1041 Line 5 of NH-1065 Line 1(c) of NH-1120 Line 1(c) of NH-1120-WE Tax Year 2011 Line 3 adjusted by Line 4 of NH-1040 Line 3 adjusted by Line 4 of NH-1041 Line 3 adjusted by Line 4 of NH-1065 Line 3 adjusted by Line 4 of NH-1120 Line 1(c) of NH-1120-WE and ending: 1 Tax Year 2012 - Present Line 5 of NH-1040 Line 5 of NH-1041 Line 5 of NH-1065 Line 5 of NH-1120 Line 11(c) of NH-1120-WE 2 Current period apportionment percentage from Form DP-80, expressed to six decimal places 2 3 Apportionment limitations (Line 1 multiplied by Line 2) 3 4 Statutory limitations (See instructions above) 4 5 New Hampshire NOL available for carryforward (the lesser amount of Line 3 or Line 4) 5 WORKSHEET FOR APPORTIONMENT OF NET OPERATING LOSS (NOL) - INSTRUCTIONS LINE 1 Enter this tax period's NOL as defined in the United States Income Tax Regulations relative to IRC § 172 in effect pursuant to RSA 77-A:4, XIII. If a gain or zero, DO NOT use this worksheet. (Business organizations not qualifying for treatment as a Subchapter "C" Corporation under the IRC should calculate their NOL as if the business organization were a Subchapter "C" Corporation). Use the line references that correspond with the tax year for which this form is being used. LINE 2 Enter the current tax period's New Hampshire apportionment percentage from Form DP-80, Line 1(c), expressed to six decimal places. LINE 3 Enter the amount of Line 1 multiplied by Line 2. LINE 4 For taxable periods ending from July 1, 2005 to December 31, 2012, $1,000,000 is the maximum amount that may be carried forward each year. For taxable periods ending on or after January 1, 2013 forward, $10,000,000 is the maximum amount that may be carried forward each year. LINE 5 Enter the lesser of Line 3 or Line 4. This is your New Hampshire NOL available from the current tax period for carryforward. Enter this amount on Form DP-132 or DP-132-WE, Column B . COMBINED FILERS: Rev 303.03(d) states, with regard to NOLs for combined filers, that each business organization subject to RSA 77-A shall treat its apportioned share of the combined loss amount as a tax attribute that remains with that business organization. The individual member's net operating loss, pursuant to RSA 77-A:4, XIII applied to the individual member's allocated portion of the BPT liability, should be tracked in the event of an individual member's disposition or acquisition. DP-131-A 2023 Version 1 08/2023
Extracted from PDF file 2023-new-hampshire-form-dp-131-b.pdf, last modified April 2023

More about the New Hampshire Form DP-131-B Corporate Income Tax TY 2023

A net operating loss occurs when an entity's tax deductions are worth more than its adjusted gross income. Individuals, businesses, estates, and trusts can all claim a net operating loss.

We last updated the Net Operating Loss Worksheet in February 2024, so this is the latest version of Form DP-131-B, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form DP-131-B directly from TaxFormFinder. You can print other New Hampshire tax forms here.

Related New Hampshire Corporate Income Tax Forms:

TaxFormFinder has an additional 51 New Hampshire income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the New Hampshire Form DP-131-B.

Form Code Form Name
Form DP-131-A Net Operating Loss Worksheet

Download all NH tax forms View all 52 New Hampshire Income Tax Forms


Form Sources:

New Hampshire usually releases forms for the current tax year between January and April. We last updated New Hampshire Form DP-131-B from the Department of Revenue Administration in February 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 New Hampshire Form DP-131-B

We have a total of eight past-year versions of Form DP-131-B in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form DP-131-B

dp-132-2020.pdf

2016 Form DP-131-B

dp-131b2015v1-1.pdf

2015 Form DP-131-B

dp-131b2015v1-1.pdf


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