Get Pub 145

Filling out the Pub 145 form can feel complex, but this comprehensive guide will walk you through each step, making the process manageable. This publication assists New York State residents, estates, and trusts in understanding and reporting net operating losses accurately.

Follow the steps to fill out the Pub 145 form successfully.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by reviewing 'Section I: General information' to understand your eligibility, definitions, and general NOL rules.
3. Complete the 'NOL for federal income tax purposes' section to determine if you have an NOL, using federal Form 1045 for computations.
4. Move to 'NOL for New York State income tax purposes' to determine how your federal NOL will apply to your New York return.
5. Fill in 'Claiming and reporting an NOL deduction on your New York State income tax return,' which includes details for both carryback and carryforward options.
6. Review 'Itemized deductions and New York State income tax credits' to understand how any deductions or credits may impact your NOL.
7. Ensure you are aware of the 'Statute of limitations for claiming a refund due to an NOL carryback' to remain compliant.
8. Finally, save your changes, download, print, or share the completed form as required.

Begin filling out your documents online to ensure accuracy and efficiency.