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This version of the form is not currently in use and is provided for reference only. Download this version of
Form NYC-NOLD-UBTI
for the current year.
Form NYC-NOLD-UBTI Net Operating Loss Deduction Computation for Unincorporated Business Tax for Individuals, Single-Member Llcs, Estates and Trusts - New York City
What Is Form NYC-NOLD-UBTI?
This is a legal form that was released by the New York City Department of Finance - a government authority operating within New York City. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is NYC-NOLD-UBTI?
A: NYC-NOLD-UBTI refers to the Net Operating Loss Deduction Computation for Unincorporated Business Tax for Individuals, Single-Member LLCs, Estates, and Trusts in New York City.
Q: Who is eligible for the NYC-NOLD-UBTI deduction?
A: Individuals, single-member LLCs, estates, and trusts operating in New York City may be eligible for the NYC-NOLD-UBTI deduction.
Q: What is the purpose of NYC-NOLD-UBTI?
A: The purpose of NYC-NOLD-UBTI is to allow eligible businesses and entities to deduct net operating losses when calculating their Unincorporated Business Tax liability in New York City.
Q: How is NYC-NOLD-UBTI computed?
A: The computation of NYC-NOLD-UBTI involves deducting eligible net operating losses from the business income subject to Unincorporated Business Tax in New York City.
Q: Are there any limitations to the NYC-NOLD-UBTI deduction?
A: Yes, there are limitations on the amount of net operating losses that can be deducted in a given tax year, as well as carryforward and carryback rules for unused losses.
Form Details:
- The latest edition provided by the New York City Department of Finance;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of Form NYC-NOLD-UBTI by clicking the link below or browse more documents and templates provided by the New York City Department of Finance.
Download Form NYC-NOLD-UBTI Net Operating Loss Deduction Computation for Unincorporated Business Tax for Individuals, Single-Member Llcs, Estates and Trusts - New York City
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