Get Rpd 41379

Filling out the Rpd 41379 form is essential for calculating your New Mexico net operating loss carryforward for corporate income tax. This guide provides clear, step-by-step instructions to help users accurately complete the form online, ensuring compliance and straightforward reporting.

Follow the steps to accurately complete the Rpd 41379 online.

1. Press the ‘Get Form’ button to access the Rpd 41379 form and open it in your document editor.
2. Begin filling out the form by entering the taxpayer's name and FEIN in the designated fields at the top.
3. In Column 1, enter the tax year when the net operating loss occurred. Only the year 2016 should be recorded in Row 1.
4. In Column 2, provide the amount of the New Mexico net operating loss incurred for the tax year listed in Column 1. Refer to Worksheet 1 for assistance in this calculation.
5. For Column 3, enter the 2016 net income before any loss carryforward is applied, using data from Worksheet 2.
6. Complete Column 4 by entering the portion of the NM net operating loss used in tax year 2016. Ensure this total correlates to the net income before carryforward shown in Column 3.
7. In Columns 5 and 6, indicate the year losses were applied from prior years and any expired amounts respectively.
8. Finalize Column 7 by calculating the carryforward amount available for the next tax year, subtracting applied losses from the total incurred.
9. Once all columns are filled out correctly, review the form for accuracy. To submit the Rpd 41379 online, save your completed document.
10. After saving, download, print, or share the form as necessary to complete the filing process.

Complete your Rpd 41379 online to ensure accurate reporting of your net operating losses.