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New Jersey 2015 Net Operating Loss Deduction
, or request a six-month extension here .Extracted from PDF file 2024-new-jersey-form-500.pdf, last modified May 20242015 Net Operating Loss Deduction
2023 – CBT-100 – Page 12 NAME AS SHOWN ON RETURN Form 500 FEDERAL ID NUMBER Computation of the 2023 Post Allocation Net Operating Loss (NOL) and Prior Net Operating Loss Conversion Carryover (PNOL) Deductions (See Instructions) Section A – Computation of Prior Net Operating Losses (PNOL) Deduction from periods ending PRIOR to July 31, 2019 Complete this section only if the allocated entire net income/(loss) on Schedule A, Part II, line 19 is positive (income). 1. Prior Net Operating Loss Conversion Carryover (PNOL) – Enter the total of Worksheet 500-P, Part II, column 3.................................................................................................................................................... 2. Enter the portion of line 1 previously deducted......................................................................................... 3. Enter the portion of line 1 that expired...................................................................................................... 4. Enter any discharge of indebtedness excluded from federal taxable income in the current tax period pursuant to subparagraph (A), (B), or (C) of paragraph (1) of subsection (a) of IRC § 108*.................... 5. PNOL available in the current tax year – Subtract lines 2, 3, and 4 from line 1............................................... 6. Enter the allocated net income from Schedule A, Part II, line 19 (if zero or less, enter zero).................. 1. 2. 3. 4. 5. 6. 7. Current tax year’s PNOL deduction – Enter the lesser of line 5 or line 6 here and on Section B, line 8 and Section C, line 1....................................................................................................................... 7. * If the allocated discharge of indebtedness exceeds the amount of PNOL that is available and the taxpayer has post allocation net operating loss carryover in Form 500 Section B, carry the remaining balance to line 5 of Section B. Section B – Post Allocation Net Operating Losses (NOLs) For Tax Years Ending ON AND AFTER July 31, 2019 Check the box next to each period if the unused, unexpired, post allocation NOL carryovers are from a tax period in which the taxpayer was a taxable member on a New Jersey combined return. Otherwise, leave the box blank. 1. Allocated Net Operating Loss Carryover – See instructions. a. Return Period Ending ............................................................................. 1a. b. Return Period Ending ............................................................................. 1b. c. Return Period Ending ............................................................................. 1c. d. Return Period Ending ............................................................................. 1d. e. Return Period Ending ............................................................................. 1e. f. Return Period Ending ............................................................................. 1f. g. Return Period Ending ............................................................................. 1g. h. Return Period Ending ............................................................................. 1h. i. Return Period Ending ............................................................................. 1i. j. Return Period Ending ............................................................................. 2. Total Post Allocation Net Operating Losses (NOLs) – Add lines 1a through 1j......................................... 1j. 3. Portion of line 2 previously deducted........................................................................................................ 3. 4. Portion of line 2 that expired (after 20 privilege periods)........................................................................... 4. 5. Enter the amount of any adjustments required under provisions of the federal Internal Revenue Code (see instructions)....................................................................................................................................... 6. Post Allocation NOLs available for current tax year – Subtract lines 3, 4, and 5 from line 2..................... 5. 7. Enter Allocated Entire Net Income Before Net Operating Loss Deductions from Schedule A, Part II, line 19....................................................................................................................................................... 8. Enter the PNOL claimed on Section A, line 7........................................................................................... 9. Taxable Net Income subject to Post-Allocation Net Operating Loss (NOL) deduction – Subtract line 8 from line 7 (if zero or less, enter zero here and on Section C, line 2, and continue with Section C line 3)........................................................................................................................................................ 10. Portion of line 6 generated for privilege periods ending after July 31, 2019, but beginning before August 1, 2023......................................................................................................................................... 11. Portion of line 6 generated for privilege periods beginning after July 31, 2023........................................ 2. 6. 7. 8. 9. 10. 11. 12. Subtract line 10 from line 9....................................................................................................................... 12. 13. Enter 80% of line 12................................................................................................................................. 13. 14. Add line 10 to the lesser of line 11 or line 13............................................................................................ 14. 15. Amount of current year NOL deduction. Enter the lesser of line 9 or line 14 here and on Section C, line 2......................................................................................................................................................... 15. Section C – Total Net Operating Loss Deduction 1. Current tax year’s PNOL deduction (from Section A, line 7).................................................................... 2. Current tax year’s NOL deduction (from Section B, line 15)..................................................................... 3. Total Net Operating Losses used in current tax year – Add lines 1 and 2. Enter here and on Schedule A, Part II, line 20....................................................................................................................... 1. 2. 3.
2023 Form CBT-100
More about the New Jersey Form 500 Corporate Income Tax TY 2024
We last updated the 2015 Net Operating Loss Deduction in March 2025, so this is the latest version of Form 500, fully updated for tax year 2024. You can download or print current or past-year PDFs of Form 500 directly from TaxFormFinder. You can print other New Jersey tax forms here.
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TaxFormFinder has an additional 95 New Jersey income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form NJ-BUS-1 | Business Income Summary Schedule |
| Form CBT-100S | S Corporation Business Tax Return |
| Form CBT-200-T | Corporation Business Tax Tentative Return and Application |
| Form GIT/REP-3 | Seller's Residency Certification/Exemption |
| Form CBT-100S-V | Corporation Business Tax Payment Voucher |
View all 96 New Jersey Income Tax Forms
Form Sources:
New Jersey usually releases forms for the current tax year between January and April. We last updated New Jersey Form 500 from the Division of Revenue in March 2025.
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 Jersey Form 500
We have a total of thirteen past-year versions of Form 500 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2011 Form 500
Form 500
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