RCT-103 ML: Mergers or Liquidations (RCT-103 ML) (2025)
Pennsylvania · Pennsylvania DOR · Used for tax years 2025
Pennsylvania Form RCT-103 ML is a supplemental schedule filed with RCT-103 to report net operating losses (NOLs) obtained from another corporation in a merger or liquidation. It identifies the corporation where each loss originated, its FEIN, the tax period, and the loss amount.
Who files this form
Corporations that obtained net operating losses (NOLs) from another corporation through a merger or liquidation must complete RCT-103 ML to support the NOL carryforward allowed for the current tax period.
The acquiring or surviving corporation may be entitled to use those losses, but the department must be notified of the transaction. The NOL transfer in the department’s system is not automatic.
What you'll need
Have your RCT-103 and the following information available:
- Your corporation’s name, federal employer identification number (FEIN), and tax year beginning and ending dates.
- The relevant line numbers and NOL amounts from Part B of RCT-103.
- The name and FEIN of each corporation where the acquired NOLs originated.
- The beginning and ending dates of the tax period for each listed NOL.
How to file
File RCT-103 ML with RCT-103.
Enter your FEIN and corporate name exactly as they appear on RCT-103, along with your tax year beginning and ending dates. Use MMDDYYYY for dates and whole dollars for amounts.
Complete each row as follows:
- Column A: Enter the line number from Part B of RCT-103 for the NOL’s tax period.
- Column B: Enter the name of the corporation where the NOL originated.
- Column C: Enter that corporation’s FEIN.
- Columns D and E: Enter the beginning and ending dates of the NOL’s tax period.
- Column F: Enter the NOL amount from Column D of Part B of RCT-103, for the line identified in Column A, that was obtained from the entity in Column B.
If losses came from more than one entity, list all NOLs from one entity before moving to the next.
Common mistakes
- Assuming acquired NOLs transfer automatically. The department must be notified of the merger or liquidation to transfer the NOLs in its system.
- Mixing entries from different entities. List all NOLs from one entity before moving on to the next entity.
- Including cents. Use only whole dollars when preparing tax reports.
- Using a different name or FEIN. Enter your corporate name and FEIN as they appear on RCT-103.
Questions people ask
What is RCT-103 ML used for?
It provides additional information to help the department locate NOLs obtained from another corporation through a merger or liquidation.
Does the department automatically transfer acquired NOLs?
No. The department must be notified of the transaction before it can transfer the NOLs to the acquiring or surviving corporation in its system.
Do I file this schedule by itself?
No. RCT-103 ML is filed with RCT-103.
How do I list losses acquired from several corporations?
List all NOLs from one corporation before listing those from the next corporation.