PDF
Word
This version of the form is not currently in use and is provided for reference only. Download this version of
Form X-NOL (I-002I)
for the current year.
Form X-NOL (I-002I) Carryback of Wisconsin Net Operating Loss (Nol) - Wisconsin
What Is Form X-NOL (I-002I)?
This is a legal form that was released by the Wisconsin Department of Revenue - a government authority operating within Wisconsin. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form X-NOL (I-002I)?
A: Form X-NOL (I-002I) is used to carryback Wisconsin Net Operating Loss (NOL).
Q: What is a Net Operating Loss (NOL)?
A: A Net Operating Loss (NOL) occurs when a taxpayer's allowable deductions exceed their taxable income.
Q: Why would someone need to carryback a Net Operating Loss (NOL)?
A: Carrying back a Net Operating Loss (NOL) allows taxpayers to apply the loss to a prior year's taxable income, potentially resulting in a refund or reducing tax liability.
Q: Who can use Form X-NOL (I-002I)?
A: Wisconsin taxpayers who have a Net Operating Loss (NOL) and want to carry it back to a previous tax year.
Q: What information is required to complete Form X-NOL (I-002I)?
A: To complete Form X-NOL (I-002I), you will need information related to your Net Operating Loss (NOL) and the tax years you wish to carry it back to.
Q: Are there any limitations or restrictions on carrying back a Net Operating Loss (NOL)?
A: Yes, there are limitations and restrictions on carrying back a Net Operating Loss (NOL). It is important to review the instructions and consult with a tax professional for specific guidance.
Form Details:
- Released on April 1, 2021;
- The latest edition provided by the Wisconsin Department of Revenue;
- 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 fillable version of Form X-NOL (I-002I) by clicking the link below or browse more documents and templates provided by the Wisconsin Department of Revenue.
