2014 New Mexico Net Operating Loss Carryforward Schedule for Fiduciary Income Tax-2026

1. Click ‘Get Form’ to open the 2014 New Mexico Net Operating Loss Carryforward Schedule in our editor.
2. Begin by entering the taxpayer’s name and FEIN at the top of the form. This information is essential for identification purposes.
3. In Column 1, input the tax year when you incurred a NM NOL. For the current year, this will be 2014.
4. For Column 2, enter the amount of NM NOL incurred during that year. Use Worksheet 1 to determine this figure accurately.
5. In Column 3, record your net income before applying any NM NOL deduction. Refer to Worksheet 2 for calculations.
6. Complete Columns 4 through 7 by detailing how much of the NM NOL was applied, expired, and what remains for carryforward into next year.
7. Once all fields are filled out correctly, save your document and proceed to submit it along with Form FID-1 as required.

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