DOR Net Operating Losses - Wisconsin Department of Revenue 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by completing your tax return for the year. If your deductions exceed your income, you may have a net operating loss (NOL).
3. Determine the amount of your NOL by following the guidelines provided in the form. Use Worksheet 1 to assist in calculating your NOL.
4. Decide whether to carry the NOL back to a previous year or forward to future years based on your financial situation.
5. Deduct the NOL in either the carryback or carryforward year as applicable, ensuring all calculations are accurately reflected.
6. Keep track of any unused NOL amounts and carry them over to subsequent years as needed, repeating steps for each new tax year.

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