84-155: Net Operating Loss Schedule (2025)
Mississippi · Mississippi DOR · Used for tax years 2025
Mississippi Form 84-155 is the 2025 Net Operating Loss Schedule. It tracks available net operating losses, amounts used in the current income year, and remaining losses available for carryforward. It also includes a state election to forgo carryback and carry forward the current
What you'll need
Have the following information ready for the 2025 schedule:
- Your federal employer identification number (FEIN).
- The year-end date and amount of each net operating loss (NOL) listed.
- The income year to which each loss was applied and the amount used in that year.
The form calls for dates in MMDDYYYY format. Do not include the current-year NOL in columns A through E.
Common mistakes
- Entering losses as negative numbers. The form says NOLs must be entered as positive numbers. It also directs you to enter the amount used in the income year and the NOL used in the current year as positive numbers.
- Including the current-year loss in the schedule columns. Do not enter the current-year NOL in columns A through E.
Questions people ask
How do I calculate the NOL balance in column E?
Subtract column D, the amount used in the income year, from column B, the NOL amount.
Where do I report the NOL used in the current year?
Enter the amount from the schedule on Part I, line 2, as a positive number. Also enter it on Form 84-122, line 31 for a composite return or line 34 for an electing pass-through entity.
How do I calculate the remaining NOL available for carryforward?
On Part I, line 3, subtract line 2, the NOL used in the current year, from line 1, the available NOL.
Does the form include an election to forgo carryback?
Yes. The form includes a state election to forgo carryback and carry forward the current-year NOL.