83-155: Net Operating Loss & Capital Loss Schedule (2025)
Mississippi · Mississippi DOR · Used for tax years 2025
Mississippi Form 83-155 is the 2025 Net Operating Loss & Capital Loss Schedule. It tracks available losses, amounts used in an income year, and remaining balances available for carryforward. It also includes a state election to forgo carryback and carry forward the current-year n
What you'll need
The schedule asks for the following information:
- Your federal employer identification number (FEIN).
- The year-end date and amount of each net operating loss (NOL) and capital loss entered on the schedule.
- The income year to which each loss was applied and the amount used in that year.
- The balance remaining for each loss.
Enter year-end dates in MMDDYYYY format. Do not include the current year NOL or capital loss in columns A through E.
Common mistakes
- Entering losses as negative numbers. The form requires NOLs and capital losses to be entered as positive numbers. Amounts used must also be positive.
- Including current year losses in the schedule columns. Do not enter the current year NOL or capital loss in columns A through E.
Questions people ask
How do I calculate the balance of each loss?
Subtract the amount used in column D from the loss amount in column B. Enter the result in column E.
Where do I report the NOL used in the current year?
Enter it as a positive number on Part I, line 2. The form directs you to enter that amount on Form 83-122, line 28, or Form 83-391, page 2, line 16.
Where do I report the capital loss used in the current year?
Enter it as a positive number on Part II, line 2, and on Form 83-122, line 25.
How do I calculate the remaining loss available for carryforward?
In each part, subtract line 2 from line 1 and enter the result on line 3. Part I is for NOLs, and Part II is for capital losses.
Does the form include an election to forgo an NOL carryback?
Yes. It includes a state election to forgo carryback and carry forward the current year NOL.