The New Jersey Division of Taxation is providing details about the net operating loss (NOL) conversion worksheet. The NOL subtraction calculation has been changed from a preallocation to postallocation basis for tax years ending on and after 7/31/19. As part of the change to a postallocation NOL subtraction method, there’s a statutory conversion formula for unused unexpired preallocation NOL carryovers using the allocation factor from the last tax year ending prior to the change. Click here for more information. © 2019
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