Schedule AR1100NOL — Corporate Net Operating Loss Instructions

# preamble

INSTR AR1100NOL INSTRUCTIONS (Net Operating Loss Schedule) This form should be used to calculate Net Operating Loss (NOL) amounts to enter on Line 28 or Schedule A, Line C3 of the Arkansas Form AR1100CT or P2, Line 21 or P3, Section C, Line 3 on Form AR1100PET. q~7 v$~1W Enter the tax year beginning and tax year ending dates in the fields provided Name of Corporation: Enter the Corporation/Entity Name as it appears on the return. FEIN: Enter the Corporation/Entity FEIN as it appears on the return Tax Year: Enter each proceeding tax year ending date in this column formatted MM/DD/YYYY. Example  List oldest year first Income (Loss after adjustments): Enter each proceeding tax year Net Income (Loss). Net Operating losses should be entered after adjustments for Non-taxable Income so as to equal the actual amount of NOL Established. m1(.1 v$~1 J kli `+~(,$#W Enter NOL previously claimed in each proceeding tax year as applicable Leave blank if tax year ending Net Income was positive and therefore no NOL established  m1(.1 v$~1 J ^5~(+~!+$W Enter the NOL available from each proceeding tax year as applicable This amount should equal the Net Loss after adjustments minus amounts in the NOL Claimed column Leave blank if tax year endJ ing Net Income was positive and therefore no NOL was established  The sum of Available NOL from Prior Years should be entered on the NOL Carryforward Available to Claim Current Year row `411$-3 v$~1 kli `+~(,$#W Enter the amount of Net Operating Loss deduction being claimed from available amounts for each proceeding tax year as applicable should not exceed Available  The Current Year row amount should equal the sum of all NOL Claimed from the above proceeding tax years and will be the NOL Deduction claimed on the Tax Return. k$73 v$~1 kli `~118%.16~1#W Enter the amount of NOL remaining available for future years after any claims in the Current Year NOL. Note: The oldest proceeding tax year would expire due to the statute of limitations after the current year if not utilized. See limitations below. Enter any Current Year Net Operating Losses after adjustments if applicable in the Current Year row under this column. The Sum of Next Year NOL Carryforward from each prior year should be entered on the bottom row labeled NOL Carryforward Available to Claim Next Year NOL Carryforward Adjustment Calculation Worksheet: The bottom section is a worksheet used to calculate the Current Year row for the Income (Loss) after adjustments column. The NOL Carryforward Adjustments Calculation is for the Current Year Arkansas NOL to be established. Line 1: enter the Arkansas Net Taxable Loss before adjustments. Line 2: Enter add back adjustments for Non-taxable income by type on Line 2.a - 2.h as appropriate. Line 3: Enter the Percentage Attributable to Arkansas from the tax return form. Line 4: Multiply Line 2.i. by Line 3 to get the Apportioned Add Back. Line 5: Enter the total of Line 1 plus Line 4. This is the Total NOL Established to be available to claim as a deduction in future tax years Arkansas Regulation 2.26-51-102(17)(B) states that tax years for a fractional part of a year will be counted as a full tax year for carryforward of net operating losses and tax credits unless otherwise specified by law Arkansas Code Annotated  provides that net operating losses must be claimed in the first year available A taxpayer may not forego a net operating loss deduction in a year it could have been used and then claim it in a subsequent year. AR1100NOL Inst., Page 1(R 9/15/2025)

INSTR AR1100NOL INSTRUCTIONS (Net Operating Loss Schedule) Cont. For tax years beginning 1/1/2021 or later, NOL will carry forward for 10 years. For tax years beginning 1/1/2020 through 12/31/2020, NOL carries forward 8 years. For tax years beginning before 1/1/2020 NOL carries forward 5 years. In the context of the current tax year, $15,000 NOL is $35,000 of the $50,000 NOL DYDLODEOH IURP  DQG was claimed in prior years $10,000 from 2022. with positive NTI 1-1-2024 12-31-2024 Tax Year beginning _______________________ and ending _______________________

# EXAMPLE CORP

99-9999999 Corporation Name _____________________________________________ FEIN ____________________________ Prior Year Current Year Next Year Preceding Income (Loss) after Tax Year Tax Year adjustments NOL Claimed Available NOL Claimed NOL Carryforward 5th 60,000 4th -50,000 35,000 -15,000 15,000 3rd 30,000 2nd -10,000 -10,000 5,000 -5,000 1st 5,000 -25,000 NOL Carryforward Available To Claim Current Year 20,000 20,000 -5,000 Current Year Net taxable income -5,000 NOL Carryforward Available To Claim Next Year $15,000 from 2020 and $5,000 from 2022 utilized for current year NTI of $20,000 AR1100NOL Inst., Page 2 (R 10/9/2024)