80-155: Net Operating Loss Schedule (2025)
Mississippi · Mississippi DOR · Used for tax years 2025
Mississippi Form 80-155 is the 2025 Net Operating Loss Schedule. It tracks net operating loss amounts, the income years in which losses are applied, amounts used, and balances remaining for carryforward. It also includes a state election to forgo carryback and carry forward the c
Common mistakes
- Watch the signs: enter the NOL amount in column B and the total NOL available on line 1 as negative numbers.
- Enter the amount used in column D and the current-year NOL used on line 2 as positive numbers.
- Enter the NOL balance in column E as a negative number or zero.
- Also enter the NOL used on line 2 on Form 80-108, Schedule N, line 1.
- Use the printed YYYYMMDD date format in columns A and C.
Questions people ask
How do I calculate the NOL balance in column E?
Add column B to column D. The form requires the resulting balance in column E to be a negative number or zero.
What goes on line 1?
Enter the total NOL available from the schedule above as a negative number.
Where do I report the NOL used in the current year?
Enter it as a positive number on line 2 and also on Form 80-108, Schedule N, line 1.
How do I calculate the remaining NOL available for carryforward?
Add line 1 and line 2, and enter the result on line 3.
Does the form include a carryback election?
Yes. It includes a state election to forgo carryback and carry forward the current-year NOL.