How is the carryforward computed?
Per RSA 77-A:4, XIII, the carryforward amount is computed by first carrying the loss back three years and then offsetting the loss by any profits during those 3 tax periods. (However, no NOL deduction is allowed in those carryback years.) If there is more than one NH nexus member in the combined group, then the carryback loss must be allocated in accordance with N.H. Code of Admin. Rules, Rev. 303.03 (d) or Rev. 303.03 (e).
