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Get your taxes done using TurboTax
I am going to assume you have a Sch C as part of your personal return. The schedule C income/ loss adds in with your other income. You may not have a net operating loss for yourself.
If your taxable income is negative on line 15 of the Form 1040, this creates the NOL.
Reference: IRS Publication 536 Net Operating Losses (NOLs)
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‎February 18, 2025
2:07 PM