Get Ak 0405-6385i 2022

The AK 0405-6385i form is essential for claiming carryovers and carrybacks of net operating loss, excess charitable contributions, and unused capital losses. This guide provides clear, step-by-step instructions to help users complete the form effectively and efficiently in an online format.

Follow the steps to accurately complete the AK 0405-6385i.

1. Click the ‘Get Form’ button to obtain the form and access it in the editor.
2. Fill in line 1 by entering the year-end of the tax year in which the net operating loss (NOL) was generated. Use the format mm/dd/yyyy. In the subsequent columns, provide details for the NOL amount, any charitable contribution carryover that converted to NOL, utilized amounts, and NOL available for the current year.
3. Proceed to line 3 to enter the amount of Alaska income from Schedule A, line 1 of the relevant Alaska corporate income tax return, ensuring it is not less than zero.
4. For line 4d and line 4h, record the year-end dates and NOL amounts in the specified columns, accounting for any utilized amounts and available NOL for the current year.
5. In line 8, enter the lesser value of line 6 or line 7 as the NOL carryback to be utilized and indicate this amount on Schedule A, line 2.
6. Continue by completing line 9, detailing the unused capital loss carryover, filling in the year-end dates, capital loss amounts, and utilized losses across the specified columns.
7. Move to line 10 to enter the total of column D from line 9, representing the total unused capital loss available for the current year, adhering to applicable limitations.
8. For line 12, indicate the lesser amount between line 10 or line 11 as the capital loss carryover to be utilized, and record this on Schedule J, line 9.
9. Complete line 16 by entering the lesser of line 14 or line 15 for the capital loss carryback to be utilized and ensure it is logged on Schedule J, line 9.
10. Finally, review all entries for accuracy. Save your changes, and you may download, print, or share the completed form as required.

Complete your documents online efficiently by following these instructions.