Get Nm Rpd 41379

The Nm Rpd 41379 is an essential form for calculating your New Mexico net operating loss carryforward for corporate income tax. This guide will provide clear, step-by-step instructions to help you accurately complete the form online.

Follow the steps to fill out the Nm Rpd 41379 online.

1. Click ‘Get Form’ button to obtain the form and open it in your editor.
2. Enter the taxpayer’s name and FEIN in the designated fields, making sure to input accurate information as these details are crucial for identification.
3. In column 1, specify the tax year when you incurred a net operating loss that you wish to carry forward. For the primary entry, use the year 2015.
4. In column 2, input the amount of the New Mexico net operating loss incurred during the year specified in column 1. You may reference Worksheet 1 for accurate calculations.
5. Fill in column 3 with the net income before NM NOL carryforward from Worksheet 2, ensuring that it reflects your 2015 figures.
6. Complete column 4 by stating the amount of NM NOL you used during tax year 2015, ensuring that it does not exceed the net income stated in column 3.
7. In column 5, record the years when you applied the NM NOL from column 2 in previous years. This section helps track how the losses have been utilized.
8. Fill out column 6 to indicate any NM NOL amounts that expired in the current year, following the predetermined time frames for carryforward.
9. Finally, complete column 7 by stating the remaining NM NOL carryforward available for the next year, calculated as the original amount minus entries from columns 4, 5, and 6.
10. Review all entries for accuracy, then you can save changes, download, print, or share the completed form as needed.

Complete your Nm Rpd 41379 form online today to ensure accurate reporting of your net operating loss carryforward.