Schedule B-1: Alabama Net Operating Loss Carryforward Acquisitions (Revision)
Alabama · Alabama DOR · Used for tax years 2024
Alabama Schedule B-1 reports net operating loss carryforward acquisitions, including each acquired company's name, FEIN, loss year end, and balance of net operating loss acquired. The schedule must be attached to Form 20C or ET-1.
Who files this form
Schedule B-1 is used to report Alabama net operating loss (NOL) carryforward acquisitions. It must be attached to Form 20C or ET-1.
What you'll need
Have the following information ready to complete the schedule:
- Your taxpayer name and FEIN.
- The beginning and ending dates of your tax year.
- Each acquired company's FEIN and name.
- The loss year-end date for each entry, in MM/DD/YYYY format.
- The balance of NOL acquired for each entry.
How to file
Attach Schedule B-1 to Form 20C or ET-1. The schedule directs you to the Form 20C or ET-1 instructions for details.
Common mistakes
- Do not submit Schedule B-1 by itself. The form states that it must be attached to Form 20C or ET-1.
- Do not overlook the reminder to see the Form 20C or ET-1 instructions for details.
Questions people ask
What does Schedule B-1 report?
It reports Alabama net operating loss carryforward acquisitions.
What information do I enter for an acquired company?
Enter the acquired company's FEIN and name, the loss year-end date, and the balance of NOL acquired.
What date format should I use for the loss year end?
Use MM/DD/YYYY, as shown on the form.
Where can I find more details?
The schedule refers you to the Form 20C or ET-1 instructions.