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The document provides detailed instructions for completing Form 6385, which is used to claim carryovers and carrybacks of net operating losses (NOL), excess charitable contributions, and unused capital losses for Alaska corporate income tax returns. It outlines specific lines for reporting various tax attributes, including how to calculate and enter amounts related to NOLs and capital losses, as well as requirements for taxpayers claiming attributes from different entities.
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  1. Click ‘Get Form’ to open Form 6385 in the editor.
  2. Begin with Line 1, entering the year-end of the tax year in column A, followed by the NOL generated in column B. Continue filling out columns C, D, and E as instructed.
  3. Proceed to Line 3 and input your Alaska income from Schedule A, ensuring it is not less than zero.
  4. For Lines 8 through 17, carefully enter the required data for each section. Make sure to follow the format specified (e.g., mm/dd/yyyy) and ensure all numbers are positive.
  5. If additional lines are needed for any section, attach extra Forms 6385 as necessary. Review all entries for accuracy before finalizing.

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