Instructions for Form CT-3.3 Prior Net Operating Loss Conversion (Pnolc) Subtraction - New York

Form CT-3.3 Prior Net Operating Loss Conversion (Pnolc) Subtraction - New York

This document contains official instructions for Form CT-3.3 , Prior Net Operating Loss Conversion (Pnolc) Subtraction - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form CT-3.3 is available for download through this link.

FAQ

Q: What is Form CT-3.3?
A: Form CT-3.3 is the form used in New York for the Prior Net Operating Loss Conversion (PNOLC) Subtraction.

Q: What is the purpose of Form CT-3.3?
A: The purpose of Form CT-3.3 is to calculate and claim the deduction for prior net operating loss conversion subtraction.

Q: Who needs to file Form CT-3.3?
A: Corporations and entities subject to New York State franchise tax must file Form CT-3.3 if they are eligible for the prior net operating loss conversion subtraction deduction.

Q: What is the prior net operating loss conversion subtraction deduction?
A: The prior net operating loss conversion subtraction deduction allows corporations and entities to deduct the net operating losses incurred prior to January 1, 2015, from their New York State tax liability.