Get Nm Rpd-41379 2017-2025

This guide provides step-by-step instructions for filling out the NM RPD-41379, a form used to calculate your excludable New Mexico net operating loss carryforward deduction for corporate income tax. Whether you are familiar with tax forms or this is your first experience, this comprehensive guide aims to assist you in completing the form online with confidence.

Follow the steps to successfully complete the NM RPD-41379 form.

1. Click ‘Get Form’ button to download the NM RPD-41379 form and open it in your browser or PDF editor.
2. In the first section, enter your taxpayer’s name and FEIN (Federal Employer Identification Number) at the top of the form.
3. Move to Column 1 and enter the tax year when you incurred the net operating loss that you want to carry forward. Row 1 is for the 2017 tax year.
4. In Column 2, input the amount of the net operating loss you incurred in the specified tax year, referencing Worksheet 1 for calculations.
5. Navigate to Column 3 and enter your 2017 net income before applying the net operating loss, as determined from Worksheet 2.
6. Column 4 requires you to enter the portion of the 2017 NM NOL that you utilized. Ensure the total does not exceed the amount in Column 3.
7. In Columns 5 and 6, indicate the years in which you previously applied the NM NOL and the amounts expired in the current year.
8. Finally, complete Column 7 by calculating the net operating loss carryforward available for the next year, subtracting the appropriate amounts from Column 2.
9. Review all entries carefully before saving your changes, downloading, printing, or sharing the completed form as needed.

Begin the process to complete your NM RPD-41379 online today!