NET OPERATING LOSS DEDUCTION COMPUTATION                                                                                2020
                  -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 2020 or FISCAL YEAR beginning ____________________ 2020 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.
                                                                                                                                                                         2020 NYC-NOLD-UBTI

Instructions for Form NYC-NOLD-UBTI - 2020                                                  Page 2

Note: According to the federal Tax Cuts    If the unincorporated business was car-   tered on line 6, for any earlier loss years. 
and Jobs Act of 2017, net operating losses ried on both inside and outside New York  If utilizing losses from both pre- and 
(NOL) generated during or after 2018 gen-  City during the year in which the net op- post-TCJA years, the total amount car-
erally may no longer be carried back.      erating loss was sustained, the allowable ried from post-TCJA years may not ex-
These losses may be carried forward in-    current year’s net operating loss deduc-  ceed 80% of Schedule A, line 10, and 
definitely; however each year’s NOL de-    tion is to be determined by reference to  the total combined deduction cannot ex-
duction will be limited to 80% of taxable  the allocation basis or method used in    ceed the amount of Form NYC-202 or 
income (without regard to the deduction).  the year the loss was sustained, regard-  NYC-202-EIN, Schedule A, line 10. 
                                           less of whether the unincorporated busi-   
Note further that for UBT purposes,        ness was carried on both inside and       Line 7 
Admin. Code §11-507(2)(c) decouples        outside New York City during the current  Add the amounts on Line 6 and enter the 
from the federal Coronavirus Aid, Relief,  year                                      total here and on Form NYC-202 or 
and Economic Security Act (CARES Act)                                                NYC-202-EIN, Page 1, Schedule A, Line 
provisions that temporarily reversed the   LINE1a                                    11. 
Tax Cuts and Jobs Act changes relating     Enter the year ended date (MM-DD-
to net operating losses for federal pur-   YYYY) for the earliest loss year in col-
poses. See Finance Memorandum 20-6         umn Year 1. 
for more information.                       
                                           LINE 1b 
The schedule allows for up to five (5)     Enter the amount of loss allocated to 
loss years.  If the current year’s net op- New York City. 
erating loss deduction is derived from      
more years, please complete and attach     LINE 5 
separate schedule(s).                      If the amount on Schedule A, line 10 is a 
                                           loss, enter "0." For Loss Years beginning 
The net operating loss deduction allow-    on or prior to December 31, 2017 (pre-
able on Form NYC-202 and NYC-202-          TCJA years), enter on line 5 the amount 
EIN is computed in the same manner for     from Schedule A, line 10 reduced by the 
unincorporated business tax purposes       sum of the amounts entered on line 6, for 
as it would be for federal income tax pur- any earlier loss years. For Loss Year be-
poses, but taking into account only unin-  ginning on or after January 1, 2018 
corporated business gross income and       (post-TCJA years), enter on line 5 80% 
unincorporated business deductions al-     of the amount from Form NYC-202 or 
located to New York City of the unincor-   NYC-202-EIN, Schedule A, line 10, re-
porated business.                          duced by the sum of the amounts en-