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Your Net Operating Loss (NOL) will reduce your taxable income. However, deducting your loss of $686 will probably not affect either your Federal or Georgia returns much.
To enter your NOL, type NOL in the Search window, then 'Jump to NOL'.
Click this link for more info on NOL.
Your Net Operating Loss (NOL) will reduce your taxable income. However, deducting your loss of $686 will probably not affect either your Federal or Georgia returns much.
To enter your NOL, type NOL in the Search window, then 'Jump to NOL'.
Click this link for more info on NOL.
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