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Get your taxes done using TurboTax
You also need to calculate your NOL.
See https://www.irs.gov/publications/p536#en_US_2021_publink1000177330
Merely because you have a net loss on your Schedule C does not automatically translate to an NOL on your return. The net loss will, however, offset your other types of income.
‎July 22, 2022
7:14 AM