First let's figure out if you actually do have a "Net Operating Loss" for tax purposes. For tax purposes, that means that you ENTIRE tax return ends up with negative income. So if your "taxable income" on Line 11b isn't negative, you DON'T have a NOL (in most cases your AGI on Line 8b of your Form 1040 needs to be negative).
So do you actually have a NOL? Or do you just have a "rental loss"?
