The New York Department of Taxation and Finance has issued a personal income tax publication explaining the treatment of net operating losses (NOLs) for New York resident individuals, estates, and trusts. Among the topics discussed in the publication are the New York carryback and carryforward rules, claiming and reporting an NOL deduction on the New York income tax return, the minimum income tax, and losses from Ponzi-type fraudulent investment arrangements. The publication also includes several examples and an NOL worksheet.

 

Publication 145, New York Department of Taxation and Finance, November 2013