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Ing any (PIT-ADJ, line 7) net operating loss carryforwards Year loss applied NOL Expired NOL Carryforward available for next year RPD-41369 Draft 09/23/2011 State of New Mexico - Taxation and Revenue Department Net Operating Loss Carryforward Schedule Instructions Purpose of this form. Use this form to compute your New Mexico net operating loss (NOL) carryforward. This schedule must be attached to the New Mexico Form PIT-1, Personal Income Tax Return, when reporting a NOL deduction from.

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