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posted Jun 4, 2019 12:47:25 PM

Do I have a NOL if in 2016 I gained NO income but lost nearly $3600 trading stocks?

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Level 15
Jun 4, 2019 12:47:26 PM

No ... a capital loss on the Sch D is NOT the same thing as an NOL on the form 1040.   You must file a return to show the loss and the allowed carry forward to the 2017 tax return.