Get Ms Dor Form 80-155 2020-2026

Filling out the MS DoR Form 80-155, which is the net operating loss schedule for Mississippi, requires precision and attention to detail. This user-friendly guide will walk you through each section of the form to ensure a successful submission.

Follow the steps to complete the form accurately.

1. Press the ‘Get Form’ button to obtain the MS DoR Form 80-155 and open it in your preferred digital editor.
2. Begin by entering your taxpayer Social Security Number (SSN) in the designated field. If applicable, provide your spouse's SSN as well.
3. Indicate if this is an amended return by checking the appropriate box.
4. For the net operating loss (NOL) section, fill out the date for the NOL year end in the format YYYYMMDD.
5. Enter the NOL amount as a negative number in the designated field.
6. Next, provide the income year in which the NOL is applied, using the format YYYYMMDD.
7. Input the amount used in the income year as a positive number.
8. Calculate the total NOL available from the schedule above, ensuring to enter this as a negative number.
9. Fill in the NOL used in the current year as a positive number, which should also be entered on Form 80-108, Schedule N, line 1.
10. Determine the remaining NOL available for carryforward by subtracting the NOL used in the current year from the total NOL available.
11. Finally, calculate the NOL balance by adding the NOL amount and the amount used. Enter this figure as a negative number or zero.
12. Once you have completed all sections of the form, save your changes, and you may proceed to download, print, or share the document as needed.

Complete your MS DoR Form 80-155 online today for a streamlined filing experience.