NOL and Disaster Loss Limitations Corporations 2026

1. Click ‘Get Form’ to open the NOL and Disaster Loss Limitations Corporations document in the editor.
2. Begin by entering the corporation name, California corporation number, and FEIN in the designated fields at the top of the form.
3. Indicate the type of corporation by selecting one of the options: C corporation, S corporation, exempt organization, or limited liability company.
4. In Part I, input your current year net loss from the appropriate form line. Ensure you enter this as a positive number.
5. If applicable, enter any disaster loss included in your net loss on line 2. Subtract this from line 1 to calculate your adjusted net loss.
6. Continue filling out subsequent lines for losses incurred by new businesses or eligible small businesses as instructed.
7. Complete Part II for NOL carryover limitations by entering prior year NOLs and calculating available balances as directed.

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