Business A lost $30,000 and total revenue was $20,000
Business B lost $100,000 and total revenue was $314,000
This year Business A made $0, Business B made $37,000 (after expenses) and $197,000 (before expenses)
I also did freelancing and made $56,000 (little to no deductions for that).
Would I be able to use 80% of the $130,000 NOL that was created in 2020 to offset my income in 2021?
