@Jordan76009 wrote: If I have a negative net income, does this automatically mean that I have a net operating loss (NOL)?
If I have a negative net income, does this automatically mean that I have a net operating loss (NOL)?
No, it does not. You need to calculate an NOL.
See https://www.irs.gov/publications/p536#en_US_2021_publink1000177330
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