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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
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‎April 19, 2023
1:26 PM