Schedule U-NOLS: Member’s Shared Loss Carryover (2025)
Massachusetts · Massachusetts DOR · Used for tax years 2025
Massachusetts Schedule U-NOLS reports a combined group member’s deduction of shared net operating losses (NOLs) from other members. It calculates the taxable income against which shared losses may be applied and records deductions by loss period.
What you'll need
Have these schedules and details available to complete Schedule U-NOLS:
- Schedule U-MSI: amounts from lines 33, 31 and 29.
- Schedule U-ST: the amount from line 26.
- The member’s name, federal identification number and unitary business identifier.
- The principal reporting corporation’s name and federal identification number, plus the combined group’s year-end date.
- The tax period end dates for other members’ available losses that may be shared, and the shared NOL amounts this member is deducting.
- Any non-deductible capital loss attributable to this business.
- Whether an affiliated group or worldwide election is in effect, and whether the member is a mutual fund service corporation.
How to file
File electronically. The form states that paper returns will not be accepted.
For questions about electronic filing, call 617-887-6367. See the Massachusetts Department of Revenue’s electronic filing and payment requirements for more information.
Common mistakes
- Sending a paper return: The form warns that this return must be filed electronically. Paper versions will not be accepted.
Questions people ask
What income limit do I enter on line 9?
If the group is subject to an affiliated group election, enter the amount from line 8. All other taxpayers enter the smaller of line 7 or line 8.
Which loss period do I enter first?
Line 10 asks for the period end date of the oldest tax period for which another member has an available loss that may be shared. Line 13 then asks for the next oldest period.
How much shared NOL can I deduct on line 11?
The amount on line 11 cannot exceed line 9. Subtract line 11 from line 9 to find the remaining income on line 12. The next deduction, on line 14, cannot exceed line 12.
How do I report a non-deductible capital loss on line 6?
If the loss is attributable to this business, enter it as a positive amount.
Where do I total the shared NOL being deducted?
Use line 69. Add the deduction amounts on lines 11, 14, 17, 20, 23, 26, 29, 32, 35, 38, 41, 44, 47, 50, 53, 56, 59, 62, 65 and 68.