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Business & farm
Thanks so much for that quick and thorough reply on a pretty complicated subject. I know that I have a NOL carryover from 2018 that is a healthy figure. My TurboTax files from 2018 and 2019 laid out my NOL in '18 and the carryover in '19 pretty clearly.
So my question becomes: Can I simply use that carryover to reduce my 2020 income (subject to the various contingencies you describe in your response) even if I have no net operating business gains or losses in 2020?
‎February 23, 2021
3:24 PM