DP-132: Net Operating Loss Deduction Worksheet (2025)
New Hampshire · New Hampshire DRA · Used for tax years 2025
Form DP-132 is New Hampshire’s Net Operating Loss (NOL) Deduction worksheet. It tracks NOL carryforwards from Form DP-131-A, amounts used in prior taxable periods, the deduction for the current taxable period, and amounts carried forward to future periods for reporting on the app
What you'll need
Have Form DP-131-A available for the New Hampshire net operating loss (NOL) carryforward amounts entered in Column B.
You will also need:
- Your business organization name and taxpayer identification number.
- Your taxable period’s beginning and ending dates if you are not using calendar year 2025.
- The ending date of each taxable period in which an NOL occurred.
- The amount of each NOL carryforward used in earlier taxable periods.
- The NOL amounts to deduct in this taxable period and carry forward to future periods.
Common mistakes
Check that your NOL amounts balance. The form notes that Column B minus Column C should equal Column D plus Column E.
Questions people ask
What taxable period does this worksheet cover?
The form is for calendar year 2025 or another taxable period whose beginning and ending dates you enter on the form.
How do I total the worksheet?
On Line 11, add Lines 1 through 10 separately for Columns B, C, D, and E.
How do I calculate the NOL available to report on my Business Profits Tax return?
Subtract Line 11, Column C from Line 11, Column B.
Which amount is the NOL deduction for this taxable period?
Line 11, Column D is the NOL deduction amount to report on the applicable Business Profits Tax return. The form refers you to the instructions for determining the deduction, but those instructions are not included in the supplied text.
Which amount is carried forward to future taxable periods?
Column E shows the NOL carryforward amounts. Report the total from Line 11, Column E on the applicable Business Profits Tax return.