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Get your taxes done using TurboTax
For the most part, a net operating loss (NOL) would not apply to a partnership. It would only apply to a regular (C) corporation or to an individual.
For an individual, a NOL would be created when you had business losses that where more than your non-business income.
Do you think they are requesting information regarding a personal NOL?
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March 26, 2020
1:27 PM