A tax filing allowance that a company can take in order to offset profit in one year with a loss in another year. A loss may by carried forward or backward from the year in which the loss occurs.
Related information about net operating loss deduction:
- 26 USC § 172 - Net operating loss deduction | LII / Legal Information ...
For purposes of this subtitle, the term “net operating loss deduction” means the deduction allowed by this subsection. (b) Net operating loss carrybacks and ...
- Publication 536 (2011), Net Operating Losses (NOLs) for Individuals ...
Nonbusiness deductions in excess of nonbusiness income. Net operating loss deduction. The domestic production activities deduction. Form 1045, Schedule A.
- Business Losses Can Generate Net Operating Loss Deduction ...
May 24, 2012 ... gross income, net earnings, net operating loss, NOL, carryback, carryforward, carryover.
- Net Operating Loss Deduction: Definition from Answers.com
Deduction in one tax year of a net operating loss generated in another year. A net operating loss from a prior year may be shown as a deduction on the.
- 2011 NOL, Net Operating Loss Deduction - Minnesota Department ...
Net operating loss deduction. Total losses remaining (to be carried forward). 2011 Net Operating Loss Deduction. 2011 NOL. Unitary groups: Complete a ...
- Net Operating Loss Deduction - Minnesota Department of Revenue
Year. Taxable Net Income/Loss. Minnesota Losses Used. Losses Remaining. 2011 Net Operating Loss Deduction. M30-NOL. Attachment #4. Name of company ...
- FreeTaxUSA® - What is the Indiana Net Operating Loss Deduction?
You may take a deduction for the Indiana portion of the federal Net Operating Loss Deduction you added back on line 2 of Schedule 1. (This will be.
- Corporate Income Tax Indiana Net Operating Loss Deduction ...
Indiana Net Operating Loss Deduction. Schedule. IT-20NOL. State Form 439. (R4 /8-05). Page attachment sequence #9. PART 1 — Computation of Indiana Net ...