Hi there,
If I have a negative net income, does this automatically mean that I have a net operating loss (NOL)? Thanks
You'll need to sign in or create an account to connect with an expert.
@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
@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
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
atxdesigns
Level 2
PJC4
Level 3
linaz1
New Member
lucasfelbel31
Returning Member
NSUSA
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.