How it is calculated
Enter losses with a minus sign (e.g. −400,000).
Legal basis: Corporate Tax Law arts. 9 and 20; Income Tax Law art. 88.
Offsets losses oldest-first within the 5-year limit; shows remaining and expired losses.
Enter losses with a minus sign (e.g. −400,000).
Legal basis: Corporate Tax Law arts. 9 and 20; Income Tax Law art. 88.