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Schedule
                                   Net Operating Loss Deduction
                                                  and Wisconsin
      NOL2
                                           Modified Taxable Income
           Wisconsin                                                                                                           2024
      Department of Revenue                File with Wisconsin Form 1, 1NPR, 2, or X-NOL
Name(s) shown on Form 1, 1NPR, 2, or X-NOL                                                                                 Your social security number

PartAllowableIDeduction for a Wisconsin NOL Carryforward

 1    Amount from line 5 of Wisconsin Form 1 (see instructions for Form 1NPR or 2) .......                                   1                        .00

 2    Subtractions from income from line 6 of Form 1. (Do not include any amount for the
      NOL deduction - see instructions for Form 1NPR or 2)  ..........................                                     2                          .00

    3 Wisconsin income before NOL. (Subtract line 2 from line 1)  ......................                                   3                          .00

 4    Standard deduction. (Compute the standard deduction on the income amount on line 3
      using the Standard Deduction Table for 2024 in the Form 1 booklet and the column
      which corresponds to your filing status. See instructions for Form 1NPR or 2.)      .......                          4                          .00

 5    Subtract line 4 from line 3. If less than zero, fill in -0-  ...........................                               5                        .00

 6    Deduction for exemptions (see instructions)  ..................................                                        6                        .00

 7    Maximum deduction for NOL. (Subtract line 6 from line 5. If less than zero, fill in -0-)  ..                         7                          .00

    8 Your Wisconsin NOL carryforward  .........................................                                           8                          .00

 9    Fill in the lesser of line 7 or line 8. This is your allowable Wisconsin NOL deduction.
      Enter this amount on Schedule SB (Form 1), line 23, Schedule M (Form 1NPR), line 57,
      or Schedule 2M (Form 2), line 25  ...........................................                                        9                          .00

PartWisconsinIIModified Taxable Income

 1    Wisconsin income (see instructions)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   1                        .00

 2    NOL deduction  ........................................................                                              2                          .00

    3 Capital gain exclusion (see instructions)  .....................................                                     3                          .00

 4    Capital loss deduction  ...................................................                                          4                          .00

 5    Add lines 1 through 4 ....................................................                                             5                        .00

 6    Wisconsin standard deduction allowable based on the amount on line 5  ............                                     6                        .00

 7    Subtract line 6 from line 5. If less than zero, fill in -0-  ...........................                             7                          .00

    8 Deduction for exemptions  ................................................                                           8                          .00

 9    Subtract line 8 from line 7. If less than zero, fill in -0-. This is your Wisconsin modified
      taxable income. Enter this amount as the loss used on Schedule NOL3 as applicable ..                                 9                          .00

I-055 (R. 06-24)






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