Form RPD-41379 print requirements
To print Form RPD-4379, New Mexico Net Operating Loss (NOL):
- In Organizer, selectStates, thenNew Mexico.
- SelectNM NOL Carryforward, thenNOL Carryforward Detail.
- SelectAdd new Tax Year Ending.
- Enter the year end in the following format: MM/DD/YYYY.
- EnterNOL generatedandApportionment factoras a percent (1 = 1%, 100 = 100%).
- Then enter Utilization of NOL Generated from Tax Year. Only enter the amounts for the prior years.
- In Tax Forms, selectStates, thenNew Mexico.
- SelectCIT-1, thenCIT-1 Pg 2.
- Make a note of line 16 multiplied by 0.8.
- SelectRPD-41379, thenRPD-43179 Pg 3.
- Make a note of the amount available on line 6.
- Drill down on line 7 and enter the Lesser of:
- 80% of Form CIT, Page 2, line 16.
- Form RPD-41379, Page 3, line 6.
noteIf all of the NOL has been utilized in the current year, this form won’t print.
