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belliott2829
New Member

Why would u have to file a NOL when filing for taxes?

 
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CarolynM
Level 1

Why would u have to file a NOL when filing for taxes?

You can have a Net Operating Loss (NOL)  a variety of reasons. 

The most common are losses from businesses, rental properties and property damage.

For more information, follow this link: IRS on Net Operating Losses

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CarolynM
Level 1

Why would u have to file a NOL when filing for taxes?

You can have a Net Operating Loss (NOL)  a variety of reasons. 

The most common are losses from businesses, rental properties and property damage.

For more information, follow this link: IRS on Net Operating Losses

View solution in original post

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