GeorgeM777
Expert Alumni

Business & farm

No, because it's a multi-step process to calculate a net operating loss.  IRS Publication 536 and Worksheet 1 on pages 3 and 4 explain the method a taxpayer should use to calculate a NOL.  In summary, a NOL calculation starts with your total 2022 income, less your original 2022 total deductions, reduced by the disallowed items, and the resulting number is your NOL for 2022.

 

Here is a link to IRS Publication 536.

 

NOLs for Individuals, Estates and Trusts

 

@taldrknsom 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"