- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
State tax filing
An NOL (Net Operating Loss) is a negative overall income for this or a prior year. It goes on your return as a negative and reduces your income. If you had a negative income in a prior year and carried it into this year then the explanation would be "NOL carryforward from prior year".
If you have not used a negative number intentionally in your preparation of your tax return then you need to go back through your federal return and see why it thinks you have entered a negative number.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 8, 2022
2:11 PM