Net Operating Loss (NOL)

[Jordan76009]

Hi there,

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

[Anonymous_ · Accepted solution]

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@Jordan76009 wrote:

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

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

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