Nm rpd 41375 2026

1. Click ‘Get Form’ to open the nm rpd 41375 in the editor.
2. Begin by entering your Taxpayer’s name and FEIN at the top of the form. This information is essential for identifying your tax records.
3. In Column 1, specify the tax year when you incurred a NM NOL. Use subsequent rows for prior-year losses.
4. For Column 2, input the amount of NM NOL incurred during that year. Refer to Worksheet 1 if needed.
5. Column 3 requires you to enter your net income before applying any NM NOL deduction. Complete Worksheet 2 for accurate figures.
6. In Column 4, indicate how much of the NM NOL was applied during the current tax year. Ensure this matches your calculations from Worksheet 2.
7. Complete Columns 5, 6, and 7 by detailing how prior-year losses were applied, any expired amounts, and carryforward balances available for next year.

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