D. Business Losses
D1. If a corporation has net business loss carryforwards as of the beginning of its 2009 taxable year,what happens to those net business loss carryforwards under combined reporting?
D1. If a corporation has net business loss carryforwards as of the beginning of its 2009 taxable year,
what happens to those net business loss carryforwards under combined reporting?
Losses generated by a combined group member for taxable years beginning before January 1, 2009 are allowed only to that member. In other words, Wisconsin's combined reporting law does not allow members of the combined group to share net business losses that were generated in taxable years beginning before January 1, 2009.
FOR MORE INFORMATION PLEASE CONTACT:
WISCONSIN DEPARTMENT OF REVENUE
Phone: (608) 266-1143
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Last updated June 10, 2009