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Massachusetts Free Printable sch. U-NOLS for 2020 Massachusetts Member's Shared Loss Carryover

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Member's Shared Loss Carryover
sch. U-NOLS

2019 Massachusetts Schedule U-NOLS Member’s Shared Loss Carryover For calendar year 2019 or taxable period beginning Department of Revenue 2019 and ending Member’s name Federal Identification number 3 3 Name of principal reporting corporation Federal Identification number 3 3 1 Check if an affiliated group or worldwide election is in effect for the current year  12 Check if member is a mutual fund service corporation  .  If Yes (check one):  Unitary business identifier Combined group year-end date Affiliated group  Taxable Income to Which a Shared NOL May Be Applied 3 4 5 6 7 8 Enter the amount from Schedule U-MSI, line 33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 Enter the amount from Schedule U-MSI, line 31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Enter the amount from Schedule U-MSI, line 29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Non-deductible capital loss if attributable to this business. Enter as a positive amount (see instructions). . . . . . . . . . . . . . . 3 6 Maximum taxable net income attributable to this business. Combine lines 3 through 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Member’s total income allocated or apportioned to Massachusetts for the tax year before deduction of any shared NOL (from Schedule U-ST, line 26). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 8 9 Member’s taxable income against which a shared NOL may be taken. If the group is subject to an affiliated group election, enter the amount from line 8 above. All other taxpayers enter the smaller of line 7 or line 8. . . . . . . . . . . . . . . . . . 3 9 NOL of Other Members Being Deducted 10 Period end date for the oldest tax period for which any other member has an available loss which may be shared (losses from tax periods beginning prior to 2009 may not be shared). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 10 11 Amount of shared NOL being deducted by this member (not greater than line 9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 11 12 Remaining income against which shared NOL may be deducted. Subtract line 11 from line 9. . . . . . . . . . . . . . . . . . . . . . . . 12 13 Period end date for the next oldest tax period for which any other member has an available loss which may be shared. . . 3 13 14 Amount of shared NOL being deducted by this member (not greater than line 12). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 14 15 Remaining income against which shared NOL may be deducted. Subtract line 14 from line 12. . . . . . . . . . . . . . . . . . . . . . . 15 16 Period end date for the next oldest tax period for which any other member has an available loss which may be shared. . . 3 16 17 Amount of shared NOL being deducted by this member (not greater than line 15). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 17 18 Remaining income against which shared NOL may be deducted. Subtract line 17 from line 15. . . . . . . . . . . . . . . . . . . . . . . 18 19 Period end date for the next oldest tax period for which any other member has an available loss which may be shared. . . 3 19 20 Amount of shared NOL being deducted by this member (not greater than line 18). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 20 21 Remaining income against which shared NOL may be deducted. Subtract line 20 from line 18. . . . . . . . . . . . . . . . . . . . . . . 21 22 Period end date for the next oldest tax period for which any other member has an available loss which may be shared. . . 3 22 23 Amount of shared NOL being deducted by this member (not greater than line 21). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 23 24 Amount of shared NOL being deducted by this member. Combine lines 11, 14, 17, 20 and 23. . . . . . . . . . . . . . . . . . . . . . . . 24 Worldwide
Extracted from PDF file 2019-massachusetts-schedule-u-nols.pdf, last modified January 2020

More about the Massachusetts Schedule U-NOLS Corporate Income Tax Tax Credit TY 2019

We last updated the Member's Shared Loss Carryover in March 2020, so this is the latest version of Schedule U-NOLS, fully updated for tax year 2019. You can download or print current or past-year PDFs of Schedule U-NOLS directly from TaxFormFinder. You can print other Massachusetts tax forms here.

Related Massachusetts Corporate Income Tax Forms:

TaxFormFinder has an additional 126 Massachusetts income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Massachusetts Schedule U-NOLS.

Form Code Form Name
Schedule U-CI Combined Income
Schedule U-E Massachusetts Unitary or Affiliated Group Income
Schedule U-M Member's Income and Expenses
Schedule U-TM Tax by Member
Schedule U-CS Credits Shared from Other Members
Schedule U-IC Member's Individual Credits
Schedule U-INS Payment to Insurance Companies Under Common Owners
Schedule U-MSI Member's Apportioned Share of Group Income
Schedule U-MTI Member’s Taxable Income from Sources Other Than the Unitary Business
Schedule U-RF Refundable Credits (OBSOLETE)

Download all MA tax forms View all 127 Massachusetts Income Tax Forms


Form Sources:

Massachusetts usually releases forms for the current tax year between January and April. We last updated Massachusetts Schedule U-NOLS from the Department of Revenue in March 2020.

Show Sources >

Schedule U-NOLS is a Massachusetts Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Massachusetts Schedule U-NOLS

We have a total of nine past-year versions of Schedule U-NOLS in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


Member's Shared Loss Carryover 2013 Schedule U-NOLS

sch. U-NOLS_sch. U-NOLS


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