DP-132: Net Operating Loss Deduction Worksheet (2024)
New Hampshire · New Hampshire DRA · Used for tax years 2024
Form DP-132 is New Hampshire's 2024 Net Operating Loss (NOL) Deduction Worksheet for business organizations. It tracks NOL carryforwards, amounts used in prior taxable periods, the deduction for the current period, and amounts remaining to carry forward to future periods.
What you'll need
Have Form DP-131-A available for the New Hampshire net operating loss (NOL) amounts available to carry forward.
You will also need:
- Your business organization name and taxpayer identification number.
- Your taxable period beginning and ending dates if you are not using calendar year 2024.
- The ending date of each taxable period in which an NOL occurred.
- The amount of each NOL carryforward used in earlier taxable periods.
- The amounts of NOL to deduct in this taxable period and carry forward to future periods.
Common mistakes
Check that Column B minus Column C equals Column D plus Column E. The form specifically reminds you that the remaining NOL must equal the amount used this period plus the amount carried forward.
Questions people ask
What date goes in Column A?
Enter the ending date of the taxable period in which the NOL occurred.
How do I complete Line 11?
Add Lines 1 through 10 separately for Columns B, C, D, and E. Enter each column's total on Line 11.
How do I find the NOL available to report on my Business Profits Tax return?
Subtract Line 11, Column C from Line 11, Column B.
Which amounts show the current-period deduction and future carryforward?
Line 11, Column D shows the NOL carryforward deducted in this taxable period. Line 11, Column E shows the NOL carried forward. Report these amounts on the applicable Business Profits Tax return. The form refers to instructions for the Column D deduction, but those instructions were not provided here.