GA Form 500-NOL

[DonkieKom_93]

The operating loss was 2022 for individual, which form do you use Page 2, Net Operating Loss for Individuals and Fiduciaries or should I use Page 4, Net Operating Loss Carryover?  Also, I submitted my tax return on 10/14/23, when is the deadline to submit the Form 500-NOL?  The printed form does not give you an address to mail the form to.  I assume it is mailed to the Georgia Internal Revenue Service.  Do you know?

[LoriLeighEA]

Hi DonkieKom_93, thanks for joining us today!

The Georgia Form 500-NOL page 2 is for computation of overpayments. Page 4 is for the Net Operating Loss Carryover - so this is the place you would put your 2022 carryover. 

The address is to mail it to is listed on the form is at the bottom of Page 2:

Georgia Department of Revenue Processing Center, PO Box 740318, Atlanta, GA 30374-0318.

Here is the form and instructions:  https://dor.georgia.gov/500-nol-net-operating-loss-adjustment

For carryback purposes, the form must be filed no later than 3 years from the due date of the loss year income tax return, including any extensions which have been granted.

For carryforward purposes, the form must be filed by the due date (including extensions) of the loss year return.

If you had a valid extension for your 2022 tax return and were impacted by Hurricane Idalia, you will have 

until February 15, 2024 to file.

https://dor.georgia.gov/press-releases/2023-10-06/dor-reminds-taxpayers-extension-deadline#:~:text=G....

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