- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Business & farm
Hi AmeliesUncle,
No I'm not sure but I can't find any documentation that says AGI must be negative to have a NOL, only that AGI minus standard deduction must be negative. For simplification I have 9K capital gains, 5.5K business loss, and 12.2K standard deduction, which leads to -5.5K on the last line of Schedule A. What document says that AGI must be negative?
And yikes on the CARES act. Thanks so much for the head's up!
This widget could not be displayed.