Reporting net operating loss

To report net operating losses (NOL) in Wisconsin:
  • UltraTax CS calculates and prints Form 4BL — Wisconsin Net Business Loss Carryforward or Form 6BL — Wisconsin Net Business Loss Carryforward for Combined Group Members to report net operating losses carried forward to the current year (Wisconsin doesn't allow carryback of a net operating loss).
  • Form 4BL and Form 6BL include year-by-year reporting of NOL utilization and expiration. Use the statement attached to the fields in the WINOL screen to enter the detail.
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