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
PeterM
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
PeterM
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).