Form DP-132 Net Operating Loss (Nol) Deduction - New Hampshire

What Is Form DP-132?

This is a legal form that was released by the New Hampshire Department of Revenue Administration - a government authority operating within New Hampshire. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form DP-132?
A: Form DP-132 is a tax form for claiming the Net Operating Loss (NOL) deduction in New Hampshire.

Q: What is the Net Operating Loss (NOL) deduction?
A: The Net Operating Loss (NOL) deduction allows businesses in New Hampshire to offset losses from one year against profits from other years.

Q: What is the purpose of the NOL deduction?
A: The purpose of the NOL deduction is to provide tax relief to businesses that experience financial losses.

Q: Who is eligible to claim the NOL deduction?
A: Businesses in New Hampshire that have experienced financial losses can claim the NOL deduction.

Q: How do I file Form DP-132?
A: You can file Form DP-132 by including it with your New Hampshire state tax return.

Q: What information do I need to complete Form DP-132?
A: You will need to provide details of your business income and deductible expenses to complete Form DP-132.

Q: Are there any limitations on the NOL deduction?
A: Yes, there are limitations on the NOL deduction, including a carryforward period and a restriction on the amount of the deduction.