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New Mexico

Form RPD-41379 print requirements

To print Form RPD-4379, New Mexico Net Operating Loss (NOL):
  1. In Organizer, select
    States
    , then
    New Mexico
    .
  2. Select
    NM NOL Carryforward
    , then
    NOL Carryforward Detail.
  3. Select
    Add new Tax Year Ending
    .
  4. Enter the year end in the following format: MM/DD/YYYY.
  5. Enter
    NOL generated
     and
    Apportionment factor
     as a percent (1 = 1%, 100 = 100%).
  6. Then enter Utilization of NOL Generated from Tax Year. Only enter the amounts for the prior years.
  7. In Tax Forms, select
    States
    , then
    New Mexico
    .
  8. Select
    CIT-1
    , then
    CIT-1 Pg 2.
  9. Make a note of line 16 multiplied by 0.8.
  10. Select
    RPD-41379
    , then
    RPD-43179 Pg 3
    .
  11. Make a note of the amount available on line 6.
  12. Drill down on line 7 and enter the Lesser of:
    1. 80% of Form CIT, Page 2, line 16.
    2. Form RPD-41379, Page 3, line 6.
    note
    If all of the NOL has been utilized in the current year, this form won’t print.

This article applies to:

  • Return type: 1120 Corporation
  • State: New Mexico
  • Subject: Print

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