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                    ILLINOIS DEPARTMENT OF REVENUE 

                    DRAFT FORM 

Note: The draft you are looking for begins on the next page. 

Caution: DRAFT—NOT FOR FILING 

This is an early release draft of an Illinois Department of Revenue (IDOR) tax form or instructions, which 
IDOR is providing for substitute forms providers. Do not file draft forms and do not rely on draft forms 
and instructions for filing. We incorporate all significant changes to forms posted with this coversheet. 
However, unexpected issues occasionally arise, or legislation is passed—in this case, we will post a new 
draft of the form to alert users that changes were made to the previously posted draft.  

All forms and instructions have a page on our website at Tax Forms (illinois.gov) where you may see the 
final versions once they are released. Year-end income tax forms are usually released towards the end 
of January. 

If you wish, you can submit comments and questions to IDOR about draft or final forms and instructions 
at REV.VendorForms@illinois.gov. We will forward this information to the Office of Publications 
Management, where forms and publications are administered. 

IDR-1-DIS (N-08/23)          Printed by authority of State of Illinois, web only – one copy.

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Illinois Department of Revenue
*33212231V* Carry year ending
2023 Schedule NLD
Illinois Net Loss Deduction Month Year
For Illinois net losses arising in tax years ending on or after December 31, 1986.
Attach to your Form IL-1120, IL-1120-ST, IL-1041, IL-1065, or corresponding amended return. IL Attachment No. 6

Enter your name as shown on your return. Enter your federal employer identification number (FEIN).

Step 1: Figure your Illinois net loss deduction (NLD)
Read the instructions before completing this schedule.
• “Carry year” is the year to which the loss is being carried.
• Enter all amounts as positive figures.TENTATIVE FINAL
Loss year A B C
that expires Loss year Loss year
first ending ending
Month Year Month Year Month Year
1 Enter your reported Illinois
net loss. See instructions.

2a Enter the carry year and 2a
the amount of Illinois net Month Year Loss carried Month Year Loss carried Month Year Loss carried
loss previously carried 2b
back or forward. Month Year Loss carried Month Year Loss carried Month Year Loss carried
See instructions. 2c
Month Year Loss carried Month Year Loss carried Month Year Loss carried
2d Add Lines 2a through 2c.
This is your total amount
of loss previously carried. 2d
3 Subtract Line 2d from
Line 1. This is your
remaining Illinois net loss.
4 Enter the Illinois base
income for this carry year.
See instructions.
Enter Line 8 from previous column Enter Line 8 from previous column
5 Column A:
See instructions.
Columns B and C: See
instructions.
Enter Line 9 from previous column Enter Line 9 from previous column
6 Write the lesser of Line 4
or Line 5. This is your
maximum NLD allowed.

7 Write the lesser of Line 3
or Line 6. This is your NLD.

8 Subtract Line 7 from Line 4. Enter the total of
Line 7, Columns A, B,
This is your remaining and C in this box.
income after NLD.

9 Subtract Line 7 from Line 6.
This is your remaining NLD
allowed this carry year.

10 Subtract Line 7 from Line 3.
This is your remaining NLD
for subsequent years.

This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this
Schedule NLD Front (R-12/23) information is REQUIRED. Failure to provide information could result in a penalty.

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                                                                          *33212232V*

Step 2:  Identify the loss year company
Complete this part only if the loss shown on Step 1, Line 1, originated from a company other than the one filing this return. 
Enter the FEIN of the company, the reason (e.g., merger) you are allowed to use that company’s losses, and the date you 
acquired the loss.
                       A                                               B                                                         C
11   FEIN:___ ___ - ___ ___ ___ ___ ___ ___ ___ 12 FEIN:___ ___ - ___ ___ ___ ___ ___ ___ ___      13 FEIN:___ ___ - ___ ___ ___ ___ ___ ___ ___
  Reason: __________________________               Reason: __________________________               Reason:  __________________________
   _________________________________             _________________________________                  _________________________________
   _________________________________             _________________________________                  _________________________________
   Enter the date you                              Enter the date you                                 Enter the date you
   acquired this loss:                             acquired this loss:                                acquired this loss:   
       TENTATIVEMonth   Day             Year                           Month   Day  Year                                         FINALMonth   Day  Year
    
                                              Discharge of Indebtedness Worksheet
     1  Enter the amount of the reduction to your federal net operating losses                                                                        
       that was carried over to the tax year of the discharge (See federal Form 982).                                        1 _________________ 
     2  Multiply the amount on Line 1 by your income allocation ratio.                                                       2 _________________ 
     3  Enter the total amount of Illinois net loss carryovers from all loss years                                                                    
       available to be carried to the taxable year of the discharge.                                                         3 _________________ 
     4  Enter the lesser of Line 2 or Line 3. This is the amount of your loss carryover reduction.                           4  _________________

          Schedule NLD Back (R-12/23)         Printed by the authority of the state of Illinois - electronic only - one copy.

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