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New Member
posted May 31, 2019 7:16:54 PM

Last year I was getting my daycare up and going but not yet open so no income. Under profit or loss from business in 2015 I had -2,954.00 can this be entered under NOL

Under this years Net Operating Loss Carryover from 2015 section Or am I misunderstanding what this is?

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1 Best answer
New Member
May 31, 2019 7:16:56 PM

You are understanding correctly. The 2015 NOL carryover can be applied against your income for the current tax year (2016).

1 Replies
New Member
May 31, 2019 7:16:56 PM

You are understanding correctly. The 2015 NOL carryover can be applied against your income for the current tax year (2016).