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 the form used 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 to offset their taxable income by carrying over losses from previous years.

Q: Who can use Form DP-132?
A: Any business that has incurred a net operating loss in New Hampshire can use Form DP-132 to claim the NOL deduction.

Q: How do I claim the NOL deduction using Form DP-132?
A: To claim the NOL deduction, you need to complete the Form DP-132 and attach it to your New Hampshire tax return.

Q: Is there a deadline for filing Form DP-132?
A: Yes, Form DP-132 must be filed by the due date of your New Hampshire tax return, which is typically April 15th.

Q: Are there any limitations on the NOL deduction in New Hampshire?
A: Yes, there are some limitations on the NOL deduction, such as the requirement to carry forward the loss for up to 10 years.

Q: Do I need any additional documentation when filing Form DP-132?
A: You will need to attach any supporting documentation that verifies your net operating loss, such as financial statements or tax returns from previous years.