Net Operating Loss (NOL) Provisions - Alabama Department ... 2025

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your Taxpayer SSN in the designated field. If applicable, include your Spouse SSN as well.
3. Indicate whether you are amending the form by checking the 'Amended' box if necessary.
4. For the NOL Year End, input the date in YYYYMMDD format to specify when your net operating loss occurred.
5. In the NOL Amount field, enter your total NOL as a negative number. This is crucial for accurate calculations.
6. Next, provide the Income Year NOL Applied date in YYYYMMDD format to indicate when you applied this loss.
7. Enter the Amount Used In Income Year as a positive number to reflect how much of your NOL was utilized.
8. Calculate and enter Total NOL available from previous schedules as a negative number.
9. Input the NOL used in current year as a positive number and ensure it matches with Form 80-108, Schedule N, line 1.
10. Finally, calculate Remaining NOL available for carryforward by adding line 1 and line 2. Enter this value accordingly.

Start using our platform today for free to streamline your document editing and completion process!