A NET OPERATING LOSS ON YOUR 2017 TAX RETURN ISN’T ALL BAD NEWS When a company’s deductible expenses exceed its income, generally a net operating loss (NOL) occurs. If when filing your 2017 income tax return you found that your business had an NOL, there is an upside:...
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net operating loss
Net Operating Loss Carryovers for Individuals
Net Operating Loss Carryovers for Individuals The American Recovery and Reinvestment Act of 2009 (ARRA) provides individual taxpayers potential net operating loss (NOL) deductions. The IRS has provided opinions stating the ARRA applies to individuals. An “Eligible...