Get Mo Mo-5090 2022-2026

Completing the MO MO-5090, the net operating loss addition modification sheet, can seem daunting. This guide will help you through each section of the form, ensuring you accurately report your financial information.

Follow the steps to complete the MO MO-5090 efficiently.

1. Press the ‘Get Form’ button to access the MO MO-5090 form and open it in the editor.
2. Enter your taxable year, specifying the beginning and ending dates using the MM/DD/YY format.
3. Input your Missouri Tax I.D. number, Federal Employer Identification Number, and Charter Number as required.
4. List the year of loss and the year of modification as indicated on the form.
5. In Column 1, Line 1, input the net operating loss deduction used in the current year as a positive amount.
6. Complete Lines 2a through 2f by entering any state tax addbacks and other required additions to federal taxable income as applicable.
7. Sum the amounts on Lines 2a through 2f and enter the total on Line 3.
8. For subtractions, enter required amounts on Lines 4a through 4m as specified by the form.
9. Add the values on Lines 4a through 4m and input the total on Line 5, completing the necessary subtractions.
10. Subtract Line 5 from Line 3 and enter that value on Line 6, ensuring it is not less than zero.
11. Record the total amount of the net operating loss from the loss year in Column 3.
12. Indicate the amount utilized from prior years as on Federal Form 1120, and complete the following lines to calculate total modifications.
13. Finalize by entering the lesser of Line 1 or Line 11 on Line 12. This is your net operating loss modification.

Complete your MO MO-5090 form online today for accurate reporting!