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Returning Member
posted Apr 18, 2022 3:16:07 PM

Net Operating Loss (NOL)

Hi there,

 

If I have a negative net income, does this automatically mean that I have a net operating loss (NOL)? Thanks

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1 Best answer
Level 15
Apr 18, 2022 3:22:22 PM

@Jordan76009 wrote:

If I have a negative net income, does this automatically mean that I have a net operating loss (NOL)?

 

No, it does not. You need to calculate an NOL.

 

See https://www.irs.gov/publications/p536#en_US_2021_publink1000177330

1 Replies
Level 15
Apr 18, 2022 3:22:22 PM

@Jordan76009 wrote:

If I have a negative net income, does this automatically mean that I have a net operating loss (NOL)?

 

No, it does not. You need to calculate an NOL.

 

See https://www.irs.gov/publications/p536#en_US_2021_publink1000177330