NET OPERATING LOSS DEDUCTION COMPUTATION                                                                                2022
                  -NOLD-UBTI                     FOR UNINCORPORATED BUSINESS TAX FOR INDIVIDUALS, SINGLE-MEMBER LLCs, ESTATES AND TRUSTS 

                                                 Attach to Form NYC-202 or NYC-202-EIN

                                                 For CALENDAR YEAR 2022 or FISCAL YEAR beginning ____________________ 2022 and ending ____________________________
Print or Type    t
 Name as shown on NYC-202 or NYC-202-EIN:                                                                            INDIVIDUALS AND LLCs - ENTER YOUR SOCIAL SECURITY NUMBER:

                                                                                                        ESTATES AND TRUSTS - ENTER YOUR EMPLOYER IDENTIFICATION NUMBER: 

                                              YEAR 1               YEAR 2                        YEAR 3                               YEAR 4                      YEAR 5 
                                   MM-DD-YYYY           MM-DD-YYYY                    MM-DD-YYYY                      MM-DD-YYYY                         MM-DD-YYYY      
1a. Loss year ended  
                                   MM-DD- YYYY:  
1b. Allocated NYC net 
      operating loss incurred 
                                   MM-DD- YYYY: AMOUNT: MM-DD- YYYY: AMOUNT:          MM-DD-     YYYY: AMOUNT:        MM-DD-          YYYY: AMOUNT:      MM-DD-   YYYY:  AMOUNT: 
2.    Amount of Line 1b previously 
      absorbed by year ended 
 
3.    Add line 2 plus any 
      additional year(s) 
      (Attach schedules) 

4. Subtract Line 3 from Line 1b 
5.    Enter the amount from Form 
      NYC-202 or NYC-202-EIN, 
      Page 1, Schedule A, Line 10 
      (See instructions) 

6. Enter the lesser of 
      Line 4 or Line 5 

7. Sum of the amounts on line 6.  Enter here and on Form NYC-202 or NYC-202-EIN, Page 1, Schedule A, Line 11.  This is your Net Operating Loss Deduction.
                                                                                                                                                                         NYC-NOLD-UBTI - 2022

Instructions for Form NYC-NOLD-UBTI - 2022                                                     Page 2

Note: According to the federal Tax Cuts    ness was carried on both inside and out-     Line 7 
and Jobs Act of 2017, net operating losses side New York City during the current        Add the amounts on Line 6 and enter the 
(NOL) generated during or after 2018 gen-  year                                         total here and on Form NYC-202 or 
erally may no longer be carried back.                                                   NYC-202-EIN, Page 1, Schedule A, Line 
These losses may be carried forward in-    LINE1a                                       11. 
definitely; however each year’s NOL de-    Enter the year ended date (MM-DD-
duction will be limited to 80% of taxable  YYYY) for the earliest loss year in col-
income (without regard to the deduction).  umn Year 1. 
                                            
The schedule allows for up to five (5)     LINE 1b 
loss years.  If the current year’s net op- Enter the amount of loss allocated to 
erating loss deduction is derived from     New York City. 
more years, please complete and attach      
separate schedule(s).                      LINE 5 
                                           If the amount on Schedule A, line 10 is a 
The net operating loss deduction allow-    loss, enter "0." For Loss Years beginning 
able on Form NYC-202 and NYC-202-          on or prior to December 31, 2017 (pre-
EIN is computed in the same manner for     TCJA years), enter on line 5 the amount 
unincorporated business tax purposes       from Schedule A, line 10 reduced by the 
as it would be for federal income tax pur- sum of the amounts entered on line 6, for 
poses, but taking into account only unin-  any earlier loss years. For Loss Year be-
corporated business gross income and       ginning on or after January 1, 2018 
unincorporated business deductions al-     (post-TCJA years), enter on line 5 80% 
located to New York City of the unincor-   of the amount from Form NYC-202 or 
porated business.                          NYC-202-EIN, Schedule A, line 10, re-
                                           duced by the sum of the amounts en-
If the unincorporated business was car-    tered on line 6, for any earlier loss years. 
ried on both inside and outside New York   If utilizing losses from both pre- and 
City during the year in which the net op-  post-TCJA years, the total amount car-
erating loss was sustained, the allowable  ried from post-TCJA years may not ex-
current year’s net operating loss deduc-   ceed 80% of Schedule A, line 10, and 
tion is to be determined by reference to   the total combined deduction cannot ex-
the allocation basis or method used in     ceed the amount of Form NYC-202 or 
the year the loss was sustained, regard-   NYC-202-EIN, Schedule A, line 10. 
less of whether the unincorporated busi-