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                                  New Hampshire
                                                                                         202  
                                   Department of                                                     *0011202411862*
                              Revenue Administration                       NH-1120                                          0011202411862

                                                                      BUSINESS PROFITS TAX RETURN
Business Organization Name 

Taxpayer Identification Number                                                              MMDDYYYY                                   MMDDYYYY
                                                    For the CALENDAR year 202            or 
                                                        other taxable period beginning:                                     and ending:

    FEDERAL TAXABLE INCOME/(LOSS)                                                                                           306/% 50 5)& /&"3&45 8)0-& %0--"3
             Enter Amount Reported on: 
                                  If 1120, Federal Form 1120, Line 28                                          1 
                                  If 1120S, DP-120. Line 2 (attach DP-120 to tax return)

2   INCREASE or DECREASE TO GROSS BUSINESS PROFITS TO RECONCILE WITH IRC 
2(a)   Add amount of IRC §179 expense taken on Federal Form 4562 in excess of the amount permitted 
           pursuant to RSA 77-A:3-b, IV, including carryover amounts deducted in this taxable period             2(a)
2(b)   Add the amount of bonus depreciation taken on the federal return for assets placed in service this 
           period pursuant to RSA 77-A:3-b, I                                                             2(b)
2(c)  Add any other deductions or exclusions taken on the federal return that need to be eliminated or   
          adjusted pursuant to RSA 77-A:1, XX and 77-A:3-b, III.  Complete and attach Schedule IV        2(c)
2(d)  Deduct regular depreciation related to IRC §179 and bonus depreciation not allowed for this taxable 
          period or for prior taxable periods                                                             2(d)
2(e)   Deduct any other items included on the federal return that need to be eliminated or adjusted  
          pursuant to RSA 77-A:1, XX or RSA 77-A:4, XIX.  Complete and attach Schedule IV                 2(e)
2(f)  Increase or Decrease for the net gain or loss on the sale of assets used in the business which have a 
          different State basis from the tax basis reported on the federal return                         2(f)
2(g)  Net -JOFT 2(a) through 2(f)                                                                         2(g)

3       Subtotal Line 1 adjusted by Line 2(g)                                                                 3

4       Separate entity items of income or expense (attach schedule)                                          4

5       Gross Business Profits (combine Line 3 and Line 4)                                                    5

6   ADDITIONS AND DEDUCTIONS (RSA 77-A:4)
 6(a)   Deduct interest on direct US Obligations (RSA 77-A:4, II)                                                       6(a)
       6(b)  Add income taxes or franchise taxes measured by income (attach schedule of taxes by State)  
          (RSA 77-A:4, VII)                                                                                             6(b)
       6(c)  Add federal non-recognized IRC §337 Gain (RSA 77-A:4, VIII)                                  6(c)

       6(d)  Deduct wage adjustment required by IRC §280C (RSA 77-A:4, IX)                                             6(d)

       6(e)  Add expenses related to federal constitutionally exempt income (RSA 77-A:4, X)                            6(e)

       6(f)  Deduct foreign dividend gross-up (IRC §78) (RSA 77-A:4, XI)                                               6(f)

       6(g)  Deduct research contribution (attach computation) (RSA 77-A:4, XII)                                       6(g)

             NH-1120 202  
             Version 1      0 /202                                                                                                             Page 1 of 3



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Enlarge image
                                  New Hampshire
                                                                                      202  
                                   Department of                                                            *0011202421862*
                              Revenue Administration                       NH-1120                                                 0011202421862

                                                              BUSINESS PROFITS TAX RETURN 
Business Organization Name 

Taxpayer Identification Number                                                                MMDDYYYY                                                                   MMDDYYYY
                                                     For the CALENDAR year 202             or 
                                                     other taxable period beginning:                                                    and ending:

NH-1120  continued                       

       6(h)   Adjustments to gross business profits required due to the increase in the basis of assets resulting from  
                 the sale or exchange of an interest in the business organization (RSA 77-A:4, XIV)                                     306/% 50 5)& /&"3&45 8)0-& %0--"3
                 Add the amount of the increase in the basis of assets federally, due to the sale or                            6(h) - A
                 exchange of interest in the business organization 
                  Check yes if an election is being made to recognize the basis increase for any sale or exchange reported above        Yes                                    Multiple Transactions Yes
                                                                                                                                                                         (schedule attached)
                 If not making an election, deduct the basis increase associated with the sale or exchange(s). If 
                 making an election, enter zero.  If reporting multiple transactions, please attach a schedule             6(h) - B
                 reporting the details for each transaction.  
                 Add the amount of depreciation/amortization on the federal return attributable  
                 to an increase in the basis of assets not recognized for NH purposes                                           6(h) - C
                 6QPO UIF TBMF PG BTTFUT  BEKVTU UIF OFU HBJO PS MPTT UP SFNPWF BOZ CBTJT JODSFBTF SFDPHOJ[FE 
                 GPS GFEFSBM JODPNF UBY QVSQPTFT UIBU XBT OPU SFDPHOJ[FE GPS /) QVSQPTFT                                        6(h) - D

                 Net Lines 6(h) - A through 6(h) - D                                                                        6(h) 

       6(i)   Add Qualified Investment Company (QIC) holders proportional share of QIC profits  (RSA 77-A:4, XV)     6(i)

       6(j)   Deduct assistance payments under 12 USC  §1823  (RSA 77-A:4, XVI)                                       6(j)

       6( )   L 'PS UBY ZFBST DPNNFODJOH PO PS BGUFS +BOVBSZ          
                 %FEVDU DVSSFOU ZFBS CVTJOFTT JOUFSFTU FYQFOTF EJTBMMPXFE VOEFS *3$ f    K   34"    "    99           6( )L    "

                 "EE UIF BNPVOU PG EJTBMMPXFE CVTJOFTT JOUFSFTU FYQFOTF DBSSZGPSXBSE EFEVDUFE GFEFSBMMZ               6( )L    #
                 VOEFS *3$ f    K   BOE BMSFBEZ EFEVDUFE GPS /) QVSQPTFT JO QSJPS ZFBST VOEFS -JOF   L    " 

                 %FEVDU     PG UIF UPUBM EJTBMMPXFE CVTJOFTT JOUFSFTU FYQFOTF DBSSZGPSXBSE VOEFS *3$                  6( )L    $
                 f    K  BT PG UIF UBY ZFBS FOEJOH CFGPSF +BOVBSZ          34"    "    99  

                 /FU -JOFT   L    " UISPVHI   L    $                                                                  6(L)

       6(M   )   Net Lines 6(a) through 6( )L                                                                 6(M)

7     Adjusted Gross Business Profits (Sum of Lines 5 and 6(M )                                                 7

8     New Hampshire Apportionment (If other than 100%, complete Form DP-80 BPT Apportionment Schedule.  Enter  
                                                                                                                                                                        8
        percentage from Form DP-80, Line 1(c))                                                         Exempt under P.L. 86-272                                         

9      New Hampshire Business Profits before NOL (Line 7 multiplied by Line 8.  If negative, enter zero)                  9

10    Deduct New Hampshire Net Operating Loss Deduction (NOLD)  (attach Form DP-132) (RSA 77-A:4, XIII)
       NOLD available                                                                                             10 - A

        Less NOLD used this tax period                                                                         10

       NOLD to be carried forward                                                                                    10 - B

             NH-1120 202 
             Version 1      0 /202                                                                                                                                               Page 2 of 3



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Enlarge image
                             New Hampshire
                                                                     202  
                               Department of                                                      *0011202431862*
                         Revenue Administration                 NH-1120                                                         0011202431862

                                                       BUSINESS PROFITS TAX RETURN 
Business Organization Name 

Taxpayer Identification Number                                                           MMDDYYYY                                          MMDDYYYY
                                               For the CALENDAR year 202              or 
                                                      other taxable period beginning:                                           and ending:

NH-1120  continued              

                                                                                                                                306/% 50 5)& /&"3&45 8)0-& %0--"3
11    New Hampshire Taxable Business Profits (Line 9 minus Line 10.  If negative, enter zero)               11

12    Compute tax (Line 11 multiplied by 7. %)                                                                    12

13      (a)   BET Credit only  attach Form BET Credit Worksheet                                     13(a)
              -OR- 
      (b) Other credit including BET  (attach Form DP-160)                                                                 13(b)
14       New Hampshire Business Profits Tax Net of Statutory Credits (Line 12 minus Line 13(a) or 13(b),  
            as applicable, cannot be less than zero)  Report on BT-Summary, Line 1(b)                     14
        This return must be accompanied by complete and legible copies of the appropriate federal forms and schedules. 

        NH-1120 202 
        Version 1      0 /202                                                                                                                      Page 3 of 3






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