Solved: Re: How does carry over from 2018 ($686) affect filing 2018 taxes?

How does carry over from 2018 ($686) affect filing 2018 taxes?

My 2018 Form 500-NOL shows Net Operating Loss of $686. I don't understand how this loss is derived. Will it affect my GA return?

posted

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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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"