question archive 1) Net Operating Loss (NOL)
1) Net Operating Loss (NOL)
Subject:AccountingPrice: Bought3
1) Net Operating Loss (NOL). (Obj. 1) a. What is meant by an NOL? b. Can an individual who does not operate a business have an NOL? Explain. c. For what taxable years may an NOL created before 2018 be used as a deduction for AGI? d. For what taxable years may an NOL created in 2018, 2019 or 2020 be used as a deduction for AGI? c. For what taxable years may an NOL created in 2021 and later years be used as a deduction for AGI?
