2025 Form 500-NOL
Georgia Net Operating Loss Adjustment for Individuals and Fiduciaries
Individuals establishing a net operating loss for tax years beginning on or after January 1, 2023, should use Schedule 4 in the Form 500 packet. The separate Form 500-NOL below has a write-in tax year and a December 2020 revision date.
Download or Print 2025 Georgia Form 500-NOL
Use the embedded PDF viewer above to preview the 2025 Form 500-NOL and access any PDF tools available in your browser. The large buttons below the viewer provide another way to download, print, or email yourself a link to this page. Prior-year versions of this PDF are available further down the page.
About Georgia Form 500-NOL
Georgia Form 500-NOL is an application for a net operating loss adjustment for individuals and fiduciaries. The Georgia Department of Revenue publishes it for eligible carryback claims, which apply a loss to an earlier tax year to request a refund. Whether a loss can be carried back depends on the type of loss and the rules for the applicable tax year.
The PDF contains six pages with taxpayer information, an overpayment computation, a loss-year calculation, a carryover schedule, a part-year and nonresident schedule, and instructions. Complete the applicable sections and gather the supporting returns and schedules requested in the instructions.
For individual losses from tax years beginning in 2023 or later, begin with the Schedule 4 instructions on page 28 of the 2025 IT-511 booklet. Schedule 4 is included in Form 500. Review those year-specific instructions before using the older Form 500-NOL, particularly when establishing a loss to carry forward.
Georgia Form 500-NOL PDF File
Only the current year is listed on this page because the form applies to multiple years. Click the Georgia Form 500-NOL PDF link above to download, save, view, and print the form. This free PDF file is unaltered and is sourced directly from the publisher.
Related Georgia Individual Income Tax Forms
Need to download more state income tax forms? View the other Georgia income tax forms list.
| Form Code | Form Name |
|---|---|
| Form 500 | Individual Income Tax Return (includes Schedule 4 for net operating losses) |
| IT-511 Instructions | Georgia Individual Income Tax Forms and Instructions |
| Form 500X | Amended Individual Income Tax Return |
Frequently Asked Questions (FAQ)
Here are answers to common questions about downloading, printing, completing, and filing Georgia Form 500-NOL.
Should I use Form 500-NOL or Schedule 4?
For tax years beginning on or after January 1, 2023, individuals establish a net operating loss using the application schedule in Form 500. The 2025 return identifies it as Schedule 4. Georgia still publishes Form 500-NOL for carryback adjustments, so check the instructions for your loss year and type of claim before choosing the form.
Does the Form 500-NOL PDF include instructions?
Yes. The six-page PDF includes general instructions and guidance for the loss computation, carryover schedule, and part-year and nonresident calculations. Because this version was revised in 2020, also review the instructions for the tax year involved.
What documents should I attach to Form 500-NOL?
The attachment checklist on PDF page 5 requests federal and Georgia returns, supporting schedules, and the federal NOL application. The required documents depend on the loss year and the years affected. Use the checklist to assemble the attachments that apply to your claim.
When is a Form 500-NOL carryback refund claim due?
Georgia's rule generally requires an eligible NOL carryback refund claim within three years after the due date of the loss-year income tax return, including granted extensions. This deadline is tied to the loss year, so there is no single annual due date for every Form 500-NOL claim. Review the included instructions for additional information.
Where do I mail Georgia Form 500-NOL?
Page 2 lists the Georgia Department of Revenue Processing Center, P.O. Box 740318, Atlanta, GA 30374-0318. Sign the applicable signature fields and include the required supporting documents. Confirm the mailing address on the form before sending your claim.
Last updated: November 13, 2026
References:
- Form 500-NOL Net Operating Loss Adjustment for Individuals and Fiduciaries. State of Georgia, Georgia Department of Revenue. Retrieved November 13, 2026.
- 500-NOL Net Operating Loss Adjustment. State of Georgia, Georgia Department of Revenue. Retrieved November 13, 2026.
- 2025 IT-511 Individual Income Tax Booklet. State of Georgia, Georgia Department of Revenue. Retrieved November 13, 2026.
- Rule 560-7-4-.01, Net Taxable Income (Individual). State of Georgia, Rules and Regulations of the Georgia Department of Revenue. Retrieved November 13, 2026.
- Annual Summary of Laws. State of Georgia, Georgia General Assembly. Retrieved November 13, 2026.