I had a net loss on my business last year. How do I claim this loss on my taxes this year. Is there a carryover option?
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Select the Business tab. Scroll to the bottom of the page, Let's gather your business info, to the Less Common Business Situations section.
Be sure to enter the NOL as a positive amount. See attachment.
Select the Business tab. Scroll to the bottom of the page, Let's gather your business info, to the Less Common Business Situations section.
Be sure to enter the NOL as a positive amount. See attachment.
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