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04 Schedule                                       Indiana Department of Revenue                                                Enclosure 
                                                                                                                           Sequence No. 16
05 IT-40NOL                                       Individual Income Tax                        2024
   State Form 46004 
06 (R22 / 9-24)                            Net Operating Loss Computation
07
08 Your Name                                                                                   Your Social Security Number
09
10 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                        999                         99  9999
11
12 IMPORTANT:  Indiana net operating loss deductions claimed after Dec. 31, 2011 must be carried forward.
13
14 Part 1 – Computation of Indiana Net Operating Loss
15
16 Loss Year _______________________________________________________________________________________                           9999
17
18 1.  Enter your federal AGI from Line 1, Form IT-40 or Indiana AGI from Line 1, Form IT-40PNR  ________                1 99999999999
19
20 2.  Enter certain add-backs and deductions (see instructions) ___________________________________                     2 99999999999
21 3. Enter modifications required for federal NOLs under IRC section 172, IRC section 512, 
22    or any other IRC section (see instructions)  _______________________________________________                       3 99999999999
23
24 4.  Add lines 1, 2 and 3. If the amount is greater than zero, enter zero  ____________________________                4 99999999999
25
26 5.  Enter (as a negative number) certain federal net operating losses (see instructions) _______________              5 99999999999
27
28 6.  Enter certain add-backs or deductions from the loss year IT-40 or IT-40PNR (see instructions)  ______             6 99999999999
29
30 7.  Add lines 5 and 6. If the amount is greater than zero, enter zero  ______________________________                 7 99999999999
31
32 8.  Add lines 4 and 7. This is your Indiana NOL available to carryforward ________________Indiana NOL                 8 99999999999
33
34
35 Part 2 – Record of Indiana NOL Application
36
37              1                        2                   3                               4                                5
38 Enter the year to which you Indiana AGI available to be   Indiana NOL available        Enter the amount from          Indiana NOL deduction:  
39    are carrying the loss.   offset (from the Carryforward for deduction (from the      either line 7 or line 8 of the Enter the amount from 
                               Worksheet, line 5)            Carryforward Worksheet, line Carryforward Worksheet.        line 9 of the Carryforward 
40                                                           6; enter as positive amount)                                  Worksheet
41
42
43 1st Year:    9999           99999999999999 99999999999999 99999999999999 99999999999999
44
45 2nd Year:    9999           99999999999999 99999999999999 99999999999999 99999999999999
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47 3rd Year:    9999           99999999999999 99999999999999 99999999999999 99999999999999
48
49 4th Year:    9999           99999999999999 99999999999999 99999999999999 99999999999999
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51 5th Year:    9999           99999999999999 99999999999999 99999999999999 99999999999999
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53 6th Year:    9999           99999999999999 99999999999999 99999999999999 99999999999999
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55 7th Year:    9999           99999999999999 99999999999999 99999999999999 99999999999999
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57 8th Year:    9999           99999999999999 99999999999999 99999999999999 99999999999999
58
59 Attach additional sheets if necessary.
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04
05               Schedule IT-40NOL Carryforward Worksheet: Enter Loss Year
06
07 Complete one column before going to the next column.  See instructions.
08
09 Note: If you have previously carried a loss to this year, skip lines 1 through 4. Enter on line 5 the modified Indiana AGI from the 
10 previous year’s worksheet.
11
12 From the intervening year’s IT-40/IT-40PNR:                 Column A      Column B      Column C      Column D      Column E
13                                                             1st following 2nd following 3rd following 4th following 5th following 
14                                                             tax year      tax year      tax year      tax year      tax year
15 1.  Enter the amount from IT-40/IT-40PNR 
16    line 1 (if reporting from IT-40PNR for 
17    tax year 2008 or before, skip line 2 and 
18    enter the same amount on line 3)..........
19
20 2.  Enter some or all of the Indiana add-
21    backs from the intervening year’s return 
22    (see instructions) ...................................
23
24 3. Subtotal: Add lines 1 and 2 and  
25    enter total here ......................................
26
27 4.  Enter some or all of the Indiana 
28    deductions from the intervening year’s 
29    return (see instructions).........................
30
31 5. Intervening year’s Indiana AGI: 
32    Subtract line 4 from line 3  
33    (if less than zero, enter zero).................
34
35 6. NOL available for carryforward.  
36    Enter as a positive number ..................
37      Complete line 7 OR line 8.
38
39
40 7. If line 5 is greater than or equal to 
41    line 6, enter the difference here ............
42 8. If line 6 is greater than line 5, enter 
43    the difference here and on line 6 in the 
44    next column. This is the remaining NOL 
45    available to be carried forward ..............
46
47 9.  Enter the smaller of the amount from 
48    line 5 or 6. This is your Indiana NOL 
49    deduction ...............................................
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63                                                                           24100000000
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