Get Ms Dor Form 80-155 2024-2026

Filling out the MS DoR Form 80-155 online is a straightforward process that enables users to accurately report their net operating loss. This guide provides comprehensive steps to assist you through each section of the form.

Follow the steps to successfully complete the form online.

1. Press the ‘Get Form’ button to access the form and open it in an online editor.
2. Begin by entering the taxpayer's Social Security Number (SSN) in the designated field. If applicable, include the spouse's SSN in the provided section.
3. Indicate your election to forgo the carryback option and confirm that you wish to carryforward the current year's net operating loss (NOL) by checking the appropriate box.
4. For the NOL Year End, input the year the net operating loss originated in the format YYYYMMDD.
5. Next, enter the NOL Amount. Ensure that this is submitted as a negative number to indicate a loss.
6. In the Income Year NOL Applied section, specify the year in which the NOL will be applied using the YYYYMMDD format.
7. Record the Amount Used In Income Year. This number should be input as a positive figure.
8. Complete the calculation for the Total NOL available by providing the total from the previous schedule, ensuring it is entered as a negative number.
9. Document the NOL used in the current year as a positive number and note it on Form 80-108, Schedule N, line 1.
10. Calculate the Remaining NOL available for carryforward by adding line 1 and line 2. Enter this total.
11. Finally, for the NOL Balance, ensure to complete the entry with the result from (B) plus D, noted as a negative number or zero.
12. After completing all the fields, review your form for accuracy. You can then choose to save your changes, download, print, or share the form as needed.

Start filling out your documents online today for a smoother process.