AmyC
Expert Alumni

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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